BTC: Awaiting European Market To Dump If Possible.It have been a stagnancy waiting for it to correct its valuation. Let's see how European will react to it.
Dump
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.....
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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.
Back to Red! Morning folks,
I figured I'd share this with you guys.
Been getting the signals that this scenario is highly likely to happen.
Huge possibility of lower prices before 2025 explosion!
Buy RED!
Trade thirsty, my friends!
Tao Short SetupHere's my Idea about TaoUSDT Short
Tao have made Great moves already its time for Dump
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,.
Bearish Signal ! ETH broke 4h trendline.ETH Just broke the trendline on the 4h and had a retest. Big bearish engulfing candle.
Enter now or wait for pullback on lower timeframe
Minimum 2RR
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.
Intraday. MEW. 0.005627. SHORTThe token was heavily pumped and now we are clearly in the dump phase. There is a lot of accumulation at the top, which should lead to further sell-offs. The token does not roll back after a strong movement and goes to retest the key level. Looks confident in shorts.
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.
DOGE - Short Trade | Support is fallen #DOGE/USDT #Analysis
Description
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+ DOGE, everyone's favorite meme token, has broken its support and is heading into a free fall.
+ There is no significant support until $0.09, which presents a good trading opportunity.
+ I'm entering a short trade at the current price.
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VectorAlgo Trade Details
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Entry Price: 0.11665
Stop Loss: 0.13552
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Target 1: 0.10860
Target 2: 0.10222
Target 3: 0.09132
Target 4: 0.08169
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
ZIL - Can it go any lower? or 1300% Profit ?#ZIL/USDT #Analysis
Description
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+ The price is currently testing its support levels, this support held strong in the past.
+ If the support holds, a rebound is likely and which will lead to continuous bullish trend in the bull run
+ However, if the support fails, there's a possibility of further downside.
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VectorAlgo Trade Details
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Entry Price: 0.01484 - 0.01649
Stop Loss: 0.01230
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Target 1: 0.01918
Target 2: 0.03151
Target 3: 0.04725
Target 4: 0.08345
Target 5: 0.11185
Target 6: 0.15093
Target 7: 0.23499
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
RUNE - rejection or continuation ? #RUNE/USDT #Analysis
Description
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+ The price has reached the support zone and it's uncertain whether the support will hold or break.
+ If the support breaks, the next support level is around 3. If the support holds, I expect a strong reversal, providing us with a trading opportunity.
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VectorAlgo Trade Details
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Entry Price: 2.657 - 4.246
Stop Loss: 2.00
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Target 1: 5.305
Target 2: 7.354
Target 3: 10.998
Target 4: 16.216
Target 5: 21.139
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Timeframe: 1W (Long Term)
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Update on BTC DominanceBTC dominance is currently around its resistance line on 4H timeframe and it recently bounced back from the support level.
if btc breaks this resistance level we can expect the btc price to pump and ALTs to bleed.
im expecting the dominance to get rejected from the resistance level and hit the support again.
Lets wait and see
WIF - Good time to enter a for Long term tradeBINANCE:WIFUSDT (1D CHART) Technical Analysis Update
WIF is currently trading at $2.5 and showing overall bullish sentiment
Price has hit it's long term support and clearly bounced back from it. We have clear opportunity for a long trade.
Entry level: $ 2.5631
Stop Loss Level: $ 1.8680
TakeProfit 1: $ 2.8583
TakeProfit 2: $ 3.1255
TakeProfit 3: $ 3.5231
TakeProfit 4: $ 3.9662
TakeProfit 5: $ 4.5981
Max Leverage: 2x
Position Size: 0.5% of capital
Don't forget to keep stop loss.
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Cheers
GreenCrypto
BONK - Two scenarios$BINANCE:1000BONKUSDT (1D CHART) Technical Analysis Update
BONK is currently trading at $0.02388 and the price is currently at the support zone and currently uncertain on in which direction will the price move. We have two trade possibility here, if the price bounce backs from the support then we can enter a long trade, if the support breaks then we can enter a short trade.
--- LONG Trade ---
Entry level: $ 0.025727
Stop Loss Level: $ 0.021041
TakeProfit 1: $ 0.029562
TakeProfit 2: $ 0.034171
TakeProfit 3: $ 0.043035
--- SHORT Trade ---
Entry level: $ 0.020010
Stop Loss Level: $ 0.024466
TakeProfit 1: $ 0.017673
TakeProfit 2: $ 0.015517
TakeProfit 3: $ 0.012212
Max Leverage: 5x
Position Size: 0.5% of capital
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
Bitcoin In DANGER: Back to $20,000?Preface: I don't think that going back to $20k is the most likely scenario at this point in time. However, it's valuable to discuss different potential outcomes in an every-changing market. If you disagree and only want to look at one potential outcome it's up to you.
In this analysis I want to take a look at one of my more popular indicators; Bitcoin's Logarithmic Price Bands. In case you want to know more about this indicator, please check out the link on the bottom of this post.
Back in March I made an analysis with a similar title where I discussed the fact that the yellow logarithmic price band has historically proven to be a very strong resistance.
For example, last cycle's mid-cycle pump (summer 2019) found resistance on exactly the same area.
Same can be said for 2013. Both reversals from the yellow bands resulted in a >70% dump (high to low). A 70% dump would mean that BTC will go back to (roughly) 20k.
It's too early to say whether this analysis is correct, but I can imagine a world where this is possible. Compared to previous cycles, we went up too much and too fast with all the ETF news. A deep correction might be needed to get to the elusive 100k.
Happy to hear your thoughts in the comments 🙏
what is going on in crypto market?!hello guys!
today crypto market has gone down a lot!
let's look through the details:
Today's crypto market experienced a bearish trend, with Bitcoin (BTC) falling to $65,000 and Ethereum (ETH) declining to $3,428.45. Altcoins like Solana (SOL) and meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) saw significant drops, while XRP defied the trend, rising slightly.
The global crypto market cap dropped 3.14% to $2.35 trillion, and market volume surged 104.01% to $94.07 billion, influenced by the U.S. Federal Reserve's hawkish stance.
Key Prices:
- Bitcoin (BTC): Down 1.39% to $65,374.98.
- Ethereum (ETH) : Down 4.39% to $3,428.45.
- Solana (SOL): Down 9.25% to $134.26.
- XRP: Up 0.33% to $0.4893.
Meme Coins:
- Dogecoin (DOGE): Down 9.74% to $0.122.
- Shiba Inu (SHIB) : Down 12.12% to $0.00001802.
Top Losers:
- zkSync (ZK): Down 30.23%.
- Fantom (FTM): Down 20.69%.
- Ethena (ENA): Down 18.89%.
- Starknet (STRK): Down 17.82%.
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let's come back to Total2:
description:
The **Total2 Index** is a cryptocurrency market index that tracks the total market capitalization of all cryptocurrencies excluding Bitcoin. This index provides a way to measure the overall performance and trends of the altcoin market, without the influence of Bitcoin's market movements, which often dominate the crypto space.
By excluding Bitcoin, the Total2 Index gives a clearer picture of how the altcoin sector is performing, helping investors and analysts understand market dynamics and the relative performance of various other cryptocurrencies. This index can be particularly useful for those focused on altcoins or looking to diversify their portfolios beyond Bitcoin.
technical analysis:
the previous leg Was corrected until 33%, so it seems the next legs become more bullish, and this index will touch the $12.9T area as well, but it's fine if it becomes a little bit bearish until touches more than 480b area, we can consider on an upward movement!
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✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
NOT → "DUMP" and 0.015 or false breakdown and 0.04?BINANCE:NOTUSDT looks strong both fundamentally and technically, but the hourly timeframe is forming the preconditions for a “Dump” of the coin before a possible further rise.
Since the opening (not counting the listing day), the coin has strengthened quite strongly without much pullbacks, which has created a rather large imbalance. In addition, there is a clear “Dump” scenario, where first the coin was pumped up to 450% and now it can be dumped in order to collect liquidity at the expense of traders who caught up with the outgoing train.
At the moment all the attention is on the area of 0.02-0.0199. There are two possible scenarios regarding the level and everything depends on the market reaction and traders' behavior. Either it will be a breakout and liquidation, or a false breakdown with the subsequent continuation of growth to the liquidity zones.
Support levels: 0.0199, 0.185
Resistance levels: 0.023, 0.0253
Volumes, investments are growing, but the coin cannot grow all the time. The market needs energy and whales may eat some buyers in order to form long positions at more favorable prices. We are watching the specified zone of 0.0199.
Regards R. Linda!
SHIB ANALYSIS (4hr)🚀#SHIB Analysis : Pattern Formation
🔮As we can see in the chart of #SHIB that there is a formation Head And Shoulder Pattern and it's a bearish pattern. If the candle retests the neckline then we would see a little dump in #SHIB📊
🔰Current Price: $0.00002340
🎯 Target Price: $0.00002060
⚡️What to do ?
👀Keep an eye on #SHIB price action. We can trade according to the chart and make some profits⚡️⚡️
#SHIB #Breakdown #Cryptocurrency #TechnicalAnalysis #DYOR
$BTC looks bearish#btc #bitcoin price didn't cross the major resistance area at 72K and then heavily dumped. Thus, a bearish double top has been formed. Short term bounces may be necessary but the continuation is bearish. In lower time frame, #btcusd is moving in the ascending channel.
By the way #gold and #silver heavily dumped, too. It seems rumors have been sold and the news will arrive.
Not financial advice.
