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On the Fate of BitcoinIn the current image, BTC stands at the tip of a critical threshold. The price has currently been rejected from the 200-unit exponential moving average in the 4-hour time period. Although attempts have been made 3 times to the falling channel resistance area we are in, there is no strong and significant sign of any breakout. Currently, the target of an Inverse H&S pattern appears to be the previous high. However, the breakdown of the critical support area will clearly take us to a critical support area, which we will define as another bottom point within the golden pocket borders on the logarithmic fib scale. This means that we will fall below $50K.
by the6ylal
Good Opportunity for LONG trade if price pumps backBINANCE:FLOWUSDT (1W CHART) Technical Analysis Update FLOW is currently trading at $0.902 and price is hovering around the support zone. Im looking at the price to pump back up as the price has already hit the support zone. We can expect pull back but that will be a good opportunity for a DCA. You can enter a LONG trade at the current price and do DCA if the price pulls back to the support zone again. Entry level: $ 0.904 Stop Loss Level: $ 0.652 TakeProfit 1: $ 1.011 TakeProfit 2: $ 1.160 TakeProfit 3: $ 1.416 TakeProfit 4: $ 1.772 Max Leverage: 4x Position Size: 1% 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
Long
by GreenCryptoTrades
GPT 🐕💥 DOGE's Wedge Edge: Correction on the Horizon? 📉🔮The current price of Dogecoin (DOGE/USD) is $0.1927. 💲 Analyzing the daily chart, Dogecoin is forming a rising wedge pattern 📈, which is often considered a bearish chart pattern 📉. This pattern suggests that while the price is currently trending upward, a potential reversal and downward correction might be on the horizon 🔮. The convergence of the trend lines indicates that volatility is decreasing and a breakout is typically expected 💥. Given the current market sentiment and the technical pattern observed, a conservative approach would suggest a potential correction to the nearest Fibonacci retracement level, which might serve as a support 🛑. Based on the chart, if a bearish reversal from the wedge occurs, the price may correct towards the 0.236 Fibonacci level at approximately $0.12253 or potentially lower, depending on the strength of the breakout and market dynamics 📊. It's crucial to watch for a definitive breakout from the wedge to confirm this potential move 🔍. Keep in mind that the cryptocurrency market is highly volatile, and external factors can greatly influence price movements 🌪️. Remember, this is not financial advice but a technical analysis based on the current chart patterns 🧠.
Short
by Shibunacci
Rune ! Dump To 14 % ?After touching the $7.15 area three times, we can consider this area weak. If the price breaks and the candle closes below this range, we can expect the following targets: 6.88 6.68 6.45 And exit the trade in the range of 6.17 - 6.10. Things to keep in mind: This is only a technical analysis and there is no guarantee that targets will be achieved. Always do your research and use a proper risk management strategy before trading. The profit and loss of the transaction is for you.
Short
by Crypto-Oracle1
ADA --Is the Head and Shoulders Pattern Activating?ADA ( CARDANO) Potential for a 20% Drop ! We are observing a head and shoulders pattern on the 4-hour and daily timeframes. This pattern could activate if the 0.59 to 0.56 cent support zone is breached. In this scenario, we could see a 18 to 25% drop in price. Key Factors to Consider: Confirmation of Pattern: The pattern should be confirmed with a break below the neckline and increased volume. Target Price: The target price for the pattern is calculated by measuring the distance from the head to the neckline and projecting that distance below the neckline. Risk Management: It is important to use proper risk management techniques when trading this pattern, such as stop-loss orders. Please note that this is not financial advice and you should always do your own research before making any trading decisions.
Short
by Crypto-Oracle1
XLM/USDT - Breakout of the year | Few more days left BINANCE:XLMUSDT (1D CHART) Technical Analysis Update XLM is currently trading at $0.1356 and showing overall bullish sentiment the price is currently around the resistance zone and the price was rejected around this resistance level 4 times in the past. This resistance level is very critical for the price to move above the resistance level. If the breaks the resistance then we can see a sudden pump in the price similar to the past. Entry level: $ 0.1383 (After the breakout) Stop Loss Level: $ 0.1221 TakeProfit 1: $ 0.1451 TakeProfit 2: $ 0.1531 TakeProfit 3: $ 0.1629 TakeProfit 4: $ 0.1753 TakeProfit 5: $ 0.1979 Max Leverage: 5x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1INCH - RSI bearish divergence detected#1INCH/USDT #Analysis Description --------------------------------------------------------------- + I'm seeing a clear divergence from the RSI and it's bearish divergence. + Also i'm seeing price moving in bearish direction. + I'm entering a small short position at this range with tight stoploss. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.6180 Stop Loss: 0.6396 ------------------------------ Target 1: 0.6302 Target 2: 0.5881 Target 3: 0.5708 Target 4: 0.5514 ------------------------------ Timeframe:4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- 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
Short
by VectorAlgo
1
#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #Update #Eddy#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #Update #Eddy (( "Our long swing stop was up more than 50%, I'm not waiting for more targets", The Market will start falling Soon.)) Signal Date : 12/31/2023 | Signal Link : (( Bitcoin analysis on monthly and weekly time frames, the views I have with a combination of different analysis styles such as ICT and RTM, is the main scenario of the market falling and emptying. )) ~~~ Wait for Bitcoin at the prices of 14 and 12 thousand dollars and maybe lower! ~~~ - I will be happy if you send me your comments and analysis in the comments section, I will see all the comments and answer them. <3 Related Relevant Analysis of Bitcoin : (( BTC/USD )) : Check Link :
BITSTAMP:BTCUSD
by Eddy_Trade_
2
🔥 Bitcoin WARNING: RSI Signals 30-40% DUMP 🚨In this analysis I want tot take a look at Bitcoin's historical price action during periods of a strongly overbought (>84) RSI. Before diving in I want to underline that my overall bias is still bullish and that this analysis is merely a warning based on historical RSI values. As seen on the chart, the RSI has not often reached above 84 points over the last 8 years. Every time that it did during the last two bull-cycles, it signaled a 30-40 percent dump. Keep in mind that the market can still grow for several weeks before the dump could commence. Since we're now trading at an RSI of almost 88, we're in a danger zone. The strongly overbought RSI, combined with the massive resistance at 69.000 makes me believe that there's a serious risk of an incoming dump over the next weeks. Furthermore, this dump could be exacerbated by the huge amounts of open interest (leverage) in the market currently. My overall market view stays bullish. 2024 and 2025 are going to be great years for BTC, but that doesn't mean that we will see a correction here and there. On the plus side, these historical dumps have nearly always been mid-bull cycle dumps which didn't last more than a month. New highs have always followed, apart from de December 2017 dump. The statistics are favourable. It's not a time to panic. It's a time to be careful. Happy to hear your thoughts in the comments 🙏
INDEX:BTCUSD
by FieryTrading
32
Coinbase Denies Retail Buy-In at 59-60k!Traders, I've been seeing a ton of traders who wanted to buy BTC at 59-60k but their transaction "failed". There is a reason why I am now calling BTC, Blackrock Trading Coin and why I have been extra cynical and skeptical about Blackrock's crypto trading exchange, Coinbase, as well as their entry into the crypto space via ETF. But I won't get into conjecture or conspiracy here. Just watch. You'll witness more shenanigans just like this the higher price goes. Anyways, we can use Coinbase's buying rejection at 59-60k as further proof that this was the bottom of our liquidation flush. Notice how on my chart the wick down touched exactly that top ascending purple trend line. Once hit, we quickly bounced back above my multi-year ascending support/resistance (now support) trend line from 2019. As long as we stay above this line, I am completely comfortable and confident that our upward journey will continue. Remember, there is no escaping the math here. ETFs are simply demanding far more than miners can produce. Only 24% of BTC remains liquid. And there is burgeoning institutional demand for BTC ETFs in a growing number of countries. All this before halving. There is no way to get around these fundamental facts. Fundamentals supersede technical analysis in this case. And this is coming from someone who touts technical analysis most of the time. Fundamentals are priority but we can see that technicals are supporting fundamentals. Look also at that RSI. Finally, it gets a break and is able to drop back below overbought territory. Altcoin RSI readings look even better. I suspect when all the dust settles and price closes out this candle we may even be back above that 64.8k support. But if we're not and we settle anywhere above my multi-year line of support, I remain bullishly biased and expect us to hit our inverse H&S target of 79k soon. Best, Stewdamus
INDEX:BTCUSDLong
by stewdamus
a weekly price action market recap and outlook - tesla #2Good evening and i hope you are well. I did not adjust my wave outlook since 2024-02-11 and so far it's pretty perfect. My thesis is we are in w3 and this will be a treat. Late and perma bulls are still long and or will buy 180/175. So if this bear channel breaks down, the short covering will be epic. Market was/is at the strongest and this stock is in a broad bear channel. The next months the earnings will deteriorate and then we will see where the market thinks this stock is fairly priced. All bubbles pop or deflate, this is deflating. Elon won't even save it with 69 new AI announcements for the reminder of the year. If sh** really hit's the fan, he will be margin called because of x financing and this will fuel the sell off further. bull case: Bulls pray that 175 will hold and they buy the double bottom. If it holds, they want to touch the upper bear channel line around 240 again but i would expect 200 to be bigger resistance then. bear case: Price action wise was this a wedge bear flag which broke down and now market will test 175 if there are more buyers than sellers. Not rocket science so far. short term: wait for market reaction at 175 and follow the trend there. we might go sideways first but i think the general market sell off will accelerate over the next weeks medium-long term: down - what would change that? trading above 270
NASDAQ:TSLAShort
by priceactiontds
RLC - An Unconventional Trade Opportunity - For Brave-hearted #RLCUSDT Analysis Description --------------------------------------------------------------- + RLC is presently consolidating near the resistance zone, displaying a consolidation pattern akin to its previous two consolidations. + Although this pattern may seem unconventional for trading, I maintain optimism regarding RLC's potential to adhere to this pattern and progress towards the next target. + Should this pattern persist, I intend to enter a long trade with a target set around 5.762. + Consider following this trade if you're willing to assume some risk in pursuit of substantial profits. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 3.870 Stop Loss: 3.383 ------------------------------ Target 1: 4.191 Target 2: 4.490 Target 3: 4.996 Target 4: 5.762 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5-15x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- 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
Long
by VectorAlgo
PENDLE - Is there a trade opportunity here ? #PENDLE/USDT Analysis Description --------------------------------------------------------------- + As depicted in the chart, the price of PENDLE has broken out of the channel after trading within it for approximately a month. + This bearish breakout suggests an imminent phase of price consolidation following a bullish trend that persisted for over a month. + This presents a favorable opportunity to initiate a SHORT trade. + While significant profits may not be attainable in this trade, given the potential for price rebound from one of the support levels, it still represents a respectable opportunity. + I anticipate a price rebound after reaching the support range around 2.6. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 2.9762 Stop Loss: 3.44 ------------------------------ Target 1: 2.827 Target 2: 2.6256 Target 3: 2.4415 Target 4: 2.2552 Target 5: 2.124 Target 6: 1.999 Target 7: 1.619 ------------------------------ Timeframe:1D Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Short
by VectorAlgo
Bitcoin at strong Resistence zone with FiboBINANCE:BTCUSDT.P BINANCE:BTCUSDT KUCOIN:BTCUSDT BYBIT:BTCUSDT Bitcoin Technical Analysis Update The recent weeks have seen a remarkable performance in Bitcoin, driving significant attention and speculation about its next movements. However, as with all financial markets, dynamics are subject to change, reflecting the constant ebb and flow inherent to trading environments. Upon reviewing the provided chart, it's evident that Bitcoin has deviated below the ascending parallel channel, typically indicating a potential downturn or market correction phase. This observation aligns with classic technical analysis principles, where such a breakout often signals a reversal of the prevailing trend. Further supporting this perspective is the application of Elliott Wave Theory. The analysis suggests that Bitcoin has completed the 5th wave in its impulse wave pattern. Historically, this phase precedes a corrective stage, often delineated as an ABC correction or a more intricate WXYXZ correction. This theoretical framework offers a structured approach to anticipating market movements based on investor psychology and price action. The chart delineates several key price levels that merit attention. These include significant support and resistance levels, which have been historically proven to influence Bitcoin's price trajectory. Notably, the Fibonacci retracement levels at 0.382 and 0.618 are highlighted as potential areas where the market may pivot or stabilize. These levels are renowned for their reactionary nature in trading, serving as benchmarks for entry or exit points. The current projection suggests a downward trajectory towards the 0.618 Fibonacci level, aligning with the inherent corrective pattern anticipated post an impulse wave completion. This level, coupled with historical support and resistance zones, provides a foundational basis for setting strategic trading parameters. In summary, while Bitcoin has showcased an impressive rally, the underlying technical indicators suggest a forthcoming correction. Traders should closely monitor the identified support and resistance levels, particularly the 0.618 Fibonacci retracement, for potential market responses. As always, it's crucial to approach trading with a balanced perspective, integrating technical analysis with comprehensive market insight.
Short
by YokubjonUmedovich
1