ETHUSDT: Attempting a Recovery After the Dump
Hey, traders! Today, we’re focusing on $ETHUSDT. The price is trying to recover after a sharp dump, currently sitting at 3,345.52 USDT . We see a support level at 3,308.46 USDT , which has held up under pressure, but its retention remains critical.
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🔑 Key Levels:
Support:
3,308.46 USDT — the key zone where buyers might keep the market steady.
3,302.52 USDT — an additional defense level in case of renewed pressure.
Resistance:
3,360.00 USDT — the nearest target to test the bulls' strength.
3,400.00 USDT — a zone for partial profit-taking if the upward momentum continues.
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🚩 Trading Strategy:
Entry Point:
- Consider a long position after confirming the support at 3,308.46 USDT and observing a bullish impulse.
Stop-Loss:
- Place your stop below 3,302.52 USDT to minimize risks.
Take-Profit Targets:
3,360.00 USDT — the first profit-taking point.
3,400.00 USDT — the final target for this upward move.
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📈 Technical Analysis:
The sharp volume dump indicates a liquidity grab attempt.
If bulls can hold the 3,308.46 USDT level, recovery toward resistance is possible.
It’s important to monitor volume and price reaction at key levels.
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💡 Conclusion:
Ethereum is clearly attempting to recover after a strong dump, but buyers must hold support. Will the market manage to reclaim lost ground? Share your thoughts in the comments!
Dump
#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy
It was my mistake to give a big short analysis of Bitcoin before the distribution structure was formed.
Currently, by combining the analytical styles of Dow Theory & Wyckoff Theory with the combination of the classical price action technical analysis, RTM & ICT, we are witnessing confirmation of the market decline, while the majority have a bullish view of the market, having fallen into the trap of the market maker.
Look for a heavy Bitcoin sell position from the marked premium area, don't forget to get confirmation based on your style and manage risk and capital.
My Bitcoin Big Short Setup Targets :
PNUTUSDT: Approaching a Key Level – Go Short or Wait for a Reteswww.tradingview.com
Hey, traders! 🐂🐻
Today, we’re looking at BINANCE:PNUTUSDT , and the chart looks tense. The price has dropped to 0.61254 USDT , and the bears seem to be gaining momentum. Looking at this diagonal resistance line, one thing is clear: the market is gearing up for a move.
The chart shows a classic downtrend structure, and the key support levels scream potential reversal points. But as they say, "don’t go all in until the setup is confirmed."
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🔑 Key Levels:
Support:
0.60223 USDT – a critical zone where buyers might try to hold the asset.
0.59000 USDT – the last line of defense before a potential dump.
Resistance:
0.62000 USDT – the nearest level where bears continue to apply pressure.
0.64000 USDT – the next resistance level holding back upward movement.
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🚩 Strategy:
Entry Point:
- Open a short position after a retest of 0.62000 USDT , provided bears maintain control.
Stop-Loss:
- Place your stop above 0.64000 USDT to avoid sharp moves against your position.
Take-Profit Targets:
0.60223 USDT – the first level to "skim the cream".
0.59000 USDT – the second target if bearish pressure persists.
0.58000 USDT – the final target in case of a full breakdown of support.
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📈 Technical Breakdown:
The downtrend remains dominant until the price breaks 0.62000 USDT .
Volume confirms bearish activity, especially around resistance levels.
A break below 0.60223 USDT could signal further downside.
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💡 What’s Next?
Bears seem to be in control, but the market might go for a local retest. What do you think? Wait for a bounce back to resistance or catch the move now? Share your insights – collective wisdom always wins! 🚀
FTM/USDTBINANCE:FTMUSDT
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🦾 ** UPCOM:FTM Bearish Trend Retest (HTF)** 🥶
**Unstable price zone** at the moment! ⏳
If we face another big dump for any reason, I'm planning to **spam the buy button** in the support zones around **0.850 - 0.820** and **0.800**! 🛒
As mentioned earlier, in these zones, expect **lots of up and down movements** before we see any major moves! ⚖️
A **breakout above $1.200** resistance is essential for the bulls! 🐂 (H4 View)
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**Upper Key Resistances:**
🔝 $1.270 - $1.350
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As I also pointed out in my **Bitcoin analysis**, we are likely at the start of a **bearish correction move** (medium-term). This scenario makes sense to me! ⚠️
The current **short-term upward correction** is probably a **FOMO pump** by small traders trying to test the **50% Fibonacci level** (a previous support zone). 🐟➡️🦈
**Whales** 🚨 and **retail traders** could soon start shorting the market again!
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Possible scenario for UPCOM:FTM (also applies to many other altcoins):
- **Yesterday:** Bearish breakout 📉
- **Today:** Upward correction to retest the **50% Fibonacci** zone (Bull trap!) 🎣
- **Upcoming days:** Bearish continuation 📉
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I trust my **instinct**, **experience**, and **analysis**! 🧠💪
We play **level by level**! Bulls definitely need more strength to take control here. ⚡
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**Reminder:** This is **not financial advice**! 🚫
**Be cautious with long positions in the market**! ⚠️
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Keep monitoring the levels carefully, and stay safe! 🛑
$BTC possible flip upward to new ATH? 1 hourSo I’m not an amazing trader and I don’t make your trades this isn’t advice as I am my own finacial adviser and that is how anyone trading should be so you can’t use this as a future prediction as I do not predict the future. Not finacial advice.
Please add any useful comments so we can grow and make money trading on the crypto markets!
XRP | ALTCOINS | What Happens AFTER the PUMP?BINANCE:XRPUSDT
I'm a notorious hater of XRP; BUT I will admit to still trading it from time to time. I bought in at about 62c, and saw the price at $1,3 yesterday - pity I didn't sell. However, I definitely will now 😂
XRP has one, and only one trading pattern - pump and dump . The pump happens over 2-3 days, and ten the dump starts lasting 3-5 weeks. THE WORST THING you could do, is buy at the climax of the pump. This is because we KNOW how LONG it takes for Cripple to reclaim previous highs.
If you haven't already, I wouldn't look to buy here. There are other altcoins with much better upside potential and who move much better than XRP such as FET, RUNE, DOGE to name a few.
More on that here:
My thoughts are giving me no peace with this idea 2 I've updated my expectations regarding the altseason after reviewing the statistics. I believe the growth of altcoins will happen in two phases: first, a drop in Bitcoin dominance to 40%, followed by a recovery to 45-50%, and then a crash below 30%. I'll share any updates if I make any fixes. The scenario is invalidated if dominance rises to 65-70%
Take A Guess What Happens Next....Almost every time Bitcoin breaks its HTF trendline, a solid move in the opposite direction occurs. Let's be cautious and use proper risk management to minimize losses and maximize gains.
Maybe the 7th trendline break will be different.....
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Bitcoin Price and Time Analysis (New ATH or New Bearish Move?)The chart shows Bitcoin's price movements on the daily timeframe, since ATH. The analysis focuses on the recent corrective phases and potential scenarios ahead. Following the significant corrections, two main outlooks are possible, but at this stage, a definitive conclusion is elusive. Therefore, we will concentrate on the latest movements since the $49,500 low.
Three upward waves are observed, yet they appear corrective rather than impulsive. Each wave exhibits a three-wave structure, suggesting a corrective nature. The last wave's overlap with the first wave's territory reinforces the possibility that all three waves are corrective, potentially signaling a bearish reversal soon.
The second wave is about 5% less than the first wave, and thus, if we have the same expectation for the third wave as the second, the end of the third wave is exactly in the range of the 0.114 Fibonacci level, which aligns with the resistance area between $70,000 and $72,000. This Fibo was drawn from the all-time high to the $49,500 low. Historically, psychological factors often reinforce resistance at these levels, increasing the chances of rejection.
On October 20, the price managed to break above the descending trendline, but this turned out to be a false breakout, as it quickly fell back below the trendline. I anticipate a stronger breakout, accompanied by consolidation above the trendline, which could attract more buyers before potentially starting its downward move.
In terms of timing, a time-based analysis has been applied from the first low to the second low, with the 2.0 extension accurately predicting the next bottom(with a difference of 1 or 2 candles). Extending this to the highs projects a potential peak around October 30. Therefore, a possible reversal is expected between October 28 and October 31, as indicated by the blue vertical lines on the chart.
Several fundamental events are scheduled within this time frame, such as the "JOLTs Job Openings," "GDP Growth Rate QoQ Adv," "Personal Spending MoM," "Personal Income MoM," and "Core PCE Price Index MoM." While their direct influence on Bitcoin might be limited, the coincidence with the projected reversal window adds further significance to the analysis.
The chart also shows that each of the previous peaks had reversal signals like spinning top patterns, which have previously played out effectively. Confirmation of the current bearish scenario will require a similar reversal signal or indecision pattern, such as another spinning top or bearish candlestick pattern, to form in the resistance zone.
BTC will fall !?Hi guys, hope to enjoy ur time.
At first I should say BTC will never touch again 73k resistance.
First of all bitcoin is going to fall till 57k support then start a trend.
(1):BTC will start a strong bull trend ( u can have some oscillation but remember the major trend id bearish ) and bull trend will stop when the price touch 64k resistance.
(2):when the price touched that resistance we will wait for a pullback and we waiting for second leg >
(3):when the pull back is complete, we will start second leg ,but don't forget that : second leg isn't like first leg and we have weakness momentum and last resistance is 66k and will dump from there. remember to be brave at this point.
(4): due day. A time for dumping and it is last high of BTC. two leg is complete and it is time to sell!!
(5): enjoy from dumping. if u are a pro trader u can open the short position at the prior point
it will dump till 48k but in my opinion it will going to 30k (in long term). don't forgot to follow me and boost this post>
comment ur idea.
BE HIGH,.
Economic Recession?----BTCThe market saw a massive pullback following Friday's employment data. Not just crypto, but almost all risk assets fell. U.S. employment data in July showed that the employment situation has deteriorated. After that, the interest rate swap market priced in the Federal Reserve to cut interest rates by 50bp in September. This did not bring about a pump, on the contrary, the market began to price in a recession.
Stocks and crypto both fell, but gold did not rise further on recessionary factors, indicating that there is still disagreement about recession. Judging from past history, the Federal Reserve held an interim meeting in March 2020 to cut interest rates to combat the recessionary impact of Covid-19. So we believe that the current economic situation is still under the control of the Fed, and if it gets out of control, there will be an interim meeting.
Back to market performance. Based on the listing of BTC ETF, BTC is the most stable token in the cryptocurrency market, but it also suffered a drop of nearly 20% over the weekend and penetrated the low in early July. The bears has significant power. At the 4h level, the TSB indicator prompted a SELL signal on August 1, after which BTC began a downward trend. If you had opened a short position based on the TSB indicator at that time, you would have made a gain of over 15%, without any leverage.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Airbnb (ABNB): Time to Short!I love Airbnb for vacations but this chart really isn't looking so good...
It is the only stock we are currently looking to short. Airbnb has consistently shown lower prices since its inception, despite a recent period of higher highs since hitting a low of $82. We remain confident in the continued downward trend.
The movements from point A to B and B to C align well with Fibonacci extension and retracement levels. The retracement for Wave (2) is particularly notable at the 61.8% level. We believe we are currently within Wave (3).
We want to time the short entry based on anticipated Elliott wave counts. We anticipate a further decline in the short term, followed by a potential rise in the coming weeks. We plan to place our short position during this anticipated rise in Wave 2. We will continue to monitor the price action closely and provide a detailed update with exact entry and exit points once we are ready to place the short position.
It's Time To Reassess Our Previous Bitcoin SynopsisTraders,
This recent drop in Bitcoin price has caught many traders (including myself) off-guard. Unfortunately, we cannot always get it right and when we do get it wrong, it is important that we drop any preconceived ideas we hold and honestly re-evaluate potential price action. So, that's what we are doing in today's video. We are only going to look at Bitcoin, what it's doing now, what it has to do to remain bullish, and what might happen should we remain bearish.