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Bitcoin can rebound up from support line to 71000 level Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price traded near the resistance level, which coincided with the seller zone and resistance line, after which rebounded down to the support level. When BTC fell to the 60200 level, it turned around and rose to the resistance line, but after the price reached this line, it rebounded and declined lower than the support level, which coincided with the buyer zone. But then the price entered an upward pennant and made an impulse from the support line, breaking the support level again and the resistance line. After this movement, BTC corrected move to support line of pennant, after which continued to grow. In a short time, Bitcoin reached a resistance level and even entered the seller zone, where it reached the resistance line of a pennant. But a not long time ago BTC turned around and declined lower than the 71000 level, breaking it again, after which in a short time rose to the resistance line of the pennant. Also, the price rebounded and started to decline, so, in my opinion, Bitcoin can decline to the support line and then rebound up to the resistance level, thereby exiting from the pennant pattern. Therefore I set my target at the 71000 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
🔥 Bitcoin In A Bull-Flag: Wait For Break Out!After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again. Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish. Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some point. Wait for the market to show clarity. Wait for a break of either resistance of support. A new all-time high is around the corner.
COINBASE:BTCUSDLong
by FieryTrading
2
MATICUSDT.4HBased on the technical analysis of the MATIC/USDT 4-hour chart provided, here’s a detailed and professional first-person analysis in English: Upon examining the MATIC/USDT 4-hour chart, several key technical indicators and levels emerge, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Matic (MATIC) has been in a consolidative phase with the current price around 0.7497 USD. The price is currently trading between the support and resistance levels, attempting to break above the immediate resistance level marked as R1, around 0.9511 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 1.2900 USD. The overall trend shows a gradual upward slope supported by a rising trend line (S1), indicating increasing buying pressure. Support Levels: On the downside, the primary support level is identified as S1 at 0.5885 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. The rising trend line further reinforces this support level, suggesting strong demand around this price zone. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 50.72, indicating a neutral position. The RSI is in the middle range, suggesting that the market is not overbought or oversold, allowing for potential upward movement. The Moving Average Convergence Divergence (MACD) indicator shows a neutral to slightly bullish trend, with the MACD line (blue) close to the signal line (orange) and the histogram indicating minimal momentum. This suggests that while there is no strong momentum currently, the potential for bullish movement exists. Volume Analysis: The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This balanced participation from both buyers and sellers contributes to the current consolidation phase. Conclusion: In conclusion, the MATIC/USDT pair is currently in a consolidative phase with a neutral to slightly bullish bias. The RSI indicates a neutral position, while the MACD suggests a potential for building bullish momentum. Traders should closely monitor the support levels at 0.5885 USD and the resistance levels at 0.9511 USD and 1.2900 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines. Overall, the market sentiment for MATIC remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
MLong
by MarsSignals
ATOMUSDT.1DBased on the technical analysis of the ATOM/USDT daily chart provided, here’s a detailed and professional first-person analysis in English: Upon examining the ATOM/USDT daily chart, several key technical indicators and levels emerge, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Cosmos (ATOM) has experienced significant volatility, with the current price around 8.692 USD. The price is currently in a consolidative phase, attempting to break above the immediate resistance level marked as R1, around 10.924 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 13.110 USD. The overall trend appears to have an upward bias supported by a rising trend line (S1), indicating increasing buying pressure. Support Levels: On the downside, the primary support level is identified as S1 at 6.029 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. Below S1, the next significant support level is at 6.158 USD, which has also been a critical support zone in the past. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 45.68, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided and waiting for a clear direction. The Moving Average Convergence Divergence (MACD) indicator shows a slight bullish trend, with the MACD line (blue) slightly above the signal line (orange) and the histogram indicating positive momentum. This suggests that bullish momentum is currently building. Volume Analysis: The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This suggests balanced participation from both buyers and sellers, contributing to the current consolidation phase. Conclusion: In conclusion, the ATOM/USDT pair is currently in a consolidative phase with a slight bullish bias. The RSI indicates a neutral position, while the MACD suggests building bullish momentum. Traders should closely monitor the support levels at 6.029 USD and the resistance levels at 10.924 USD and 13.110 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines. Overall, the market sentiment for ATOM remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
by MarsSignals
BITCOIN - Price can continue to grow inside rising channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price entered to rising channel, where it at once bounced down from resistance to support line. But soon, BTC backed up to resistance line of channel, breaking $61100 level, which coincided with support area. Next, price made correction, after which bounced up from support level and continued to move up. In a short time price reached $70000 resistance level, which coincided with resistance area and even broke this level. But a not long time ago Bitcoin turned around and fell lower than $70000 level, making fake breakout. Now, I think price can decline a little more and then bounce up to $72500, breaking resistance level again. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Bitcoin can correct to support area and then rebound upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price declined inside the downward channel, where it bounced from the resistance line and fell to the 61000 support level, which coincided with the support line of this channel. Then BTC broke this level, exiting from the downward channel also and declining a little lower, but soon turned around and started to grow inside the upward channel. In this channel, Bitcoin quickly rose to the resistance line, breaking the 61000 level again, and then corrected the 61000 support level, which coincided with the buyer zone. After this, the price continued to grow and later reached the current support level, which coincided with the support area. Soon, BTC broke it and even exited from the upward channel, but a not long time ago Bitcoin turned around and declined to support area. As well recently prices rebounded from this area and started to grow. So, in my opinion, Bitcoin can correct to support area and then rebound up, therefore I set my target at the 72500 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Whether a full-fledged upward trend has begun: 69K-70231.38Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) If USDT and USDC show a rising gap, I think it is evidence that funds are flowing into the coin market. (BTC.D 1M chart) In order for the coin market to continue its upward trend, it must meet resistance and fall in the 55.01-62.47 range. If this is not the case and BTC dominance continues to rise, it is highly likely that funds in the coin market will be concentrated towards BTC, making it quite difficult to trade altcoins. (USDT.D 1M chart) In order for the coin market to continue its upward trend, it must remain below 4.97 or show a downward trend. Summarizing the explanations of BTC dominance and USDT dominance, in order for a bull market in the coin market, that is, a bull market in which most coins (tokens) rise, to begin, BTC dominance and USDT dominance must show a downward trend. -------------------------------------------------- (BTCUSDT 1D chart) This volatility period lasts until May 20th. If the price rises above 69K-70231.38 and maintains the price, a full-fledged upward trend is expected to begin. The key to this full-fledged uptrend is whether it can break above the upper point of the HA-High indicator box on the 1D chart. If not, and it goes down, Support should be checked around 65233.64 (64K-66401.82). Currently, the MS-Signal indicator (M-Signal on 1D chart) is passing around 65233.64, so it is important to see whether the price can be maintained above this point. (1M charts) If the price holds above the Fibonacci ratio point of 1.27 (73308.95), the next target would be around 1.618 (88913.24). If it declines in the first section, you need to check for support in the second section. The HA 5EMA line is rising near 0.886 (56090.42), so if it falls below 0.886, there is a possibility that a downtrend will begin. Therefore, caution is required as sharp drops may occur. The next period of volatility is around June 4th. ------------------------------------------------- (BTCUSDT 1D chart) The indicators used to find a position to start a trade are the HA-Low and HA-High indicators. And, the indicator used to verify this is the BW indicator. Have a good time. thank you -------------------------------------------------- - The big picture A full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
🔥 Bitcoin's HUGE Cup & Handle Pattern Breaking Out!In this analysis I want to take a look at a long-term pattern that BTC has been following over the last few years. In my eyes, BTC's price action closely resembles a cup&handle pattern, which is a bullish break out pattern. Assuming that the handle's low is in, we can place our stop right below it. Target at 150k. Be aware that the pattern has not yet been completed; wait for a new all-time high before entering a position. Share your thoughts!
Long
by FieryTrading
12
BICOUSDT.4HBICO/USDT 4-hour chart, several critical technical indicators and levels stand out, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Biconomy (BICO) has been experiencing some volatility, with the current price around 0.5710 USD. The price is currently attempting to break above the immediate resistance level marked as R1, around 0.5966 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 0.7554 USD. The recent upward movement suggests increasing bullish sentiment. Support Levels: On the downside, the primary support level is identified as S1 at 0.3904 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. Below S1, the next significant support level is at 0.3448 USD, which has been a critical support zone in the past. Volume Analysis: The volume pattern indicates that the recent price increases were accompanied by substantial trading volume, reinforcing the bullish sentiment. High volume on price increases typically suggests strong market participation and confidence in the upward trend. Conclusion: In conclusion, the BICO/USDT pair is currently showing signs of a potential bullish breakout if it manages to stay above the R1 resistance level. The key resistance levels to watch are 0.5966 USD and 0.7554 USD. A break above these levels would confirm continued bullish momentum. On the downside, the support levels at 0.3904 USD and 0.3448 USD are critical for maintaining the bullish outlook. A failure to hold these support levels could lead to a deeper retracement. Overall, the market sentiment for BICO remains optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
by MarsSignals
DOGEUSDT.1DDOGE/USDT daily chart, several key technical indicators and levels emerge that provide insights into potential price movements. Trend and Resistance Analysis: The chart shows that Dogecoin (DOGE) has been in a consolidative phase with the current price around 0.16639 USD. The price is attempting to break above the immediate resistance level marked as R1, around 0.17386 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 0.21158 USD. The price is also supported by an upward sloping trend line, indicating a gradual increase in buying pressure. Support Levels: On the downside, the primary support level is identified as S1 at 0.12157 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. Below S1, the next significant support level is S2 at 0.07600 USD, which has been a critical support zone in the past. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 57.33, indicating a neutral to slightly bullish position. The RSI is in the middle range, suggesting that the market is not yet overbought or oversold, providing room for potential upward movement. The Moving Average Convergence Divergence (MACD) indicator shows a bullish trend, with the MACD line (blue) slightly above the signal line (orange) and the histogram indicating positive momentum. This suggests that bullish momentum is currently building. Volume Analysis: The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This suggests that there is a balanced participation from both buyers and sellers, contributing to the current consolidation phase. Conclusion: In conclusion, the DOGE/USDT pair is currently in a consolidative phase with a slight bullish bias. The RSI indicates a neutral position, while the MACD suggests building bullish momentum. Traders should closely monitor the support levels at 0.12157 USD and 0.07600 USD, as well as the resistance levels at 0.17386 USD and 0.21158 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines. Overall, the market sentiment for DOGE remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
by MarsSignals
BTCUSDT.1DBTC/USDT daily chart, several key technical indicators and levels stand out, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Bitcoin (BTC) has experienced significant volatility, with the current price hovering around 66,707.40 USD. The price is currently testing the resistance level marked as R1, around 67,373.58 USD. A successful break above this level could see the price testing the next resistance at R2, which is around 71,320.28 USD. The overall trend appears to have a slight upward trajectory as the price has managed to break above a significant downward trend line. Support Levels: There are several key support levels identified. The immediate support level is labeled as S1 at approximately 66,000 USD. Below this, the next significant support levels are S2 at around 59,357.32 USD and S3 at approximately 56,447.95 USD. These levels have historically provided strong buying interest, which could prevent further declines if the price retraces. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 58.91, indicating that the asset is in a neutral to slightly bullish zone. The RSI has been trending upwards, which suggests increasing buying momentum. The Moving Average Convergence Divergence (MACD) indicator shows a bullish trend with the MACD line (blue) above the signal line (orange) , supported by a positive histogram. This suggests that bullish momentum is currently stronger. Volume Analysis: The volume pattern indicates that the price increases are accompanied by substantial trading volume, reinforcing the bullish sentiment. The volume spikes at key price levels suggest strong market participation during upward movements. Conclusion: In conclusion, the BTC/USDT pair is showing signs of a potential bullish breakout if it manages to stay above the R1 resistance level. The indicators, including a rising RSI and a bullish MACD, support the likelihood of continued upward movement. However, traders should remain cautious of potential retracements to the support levels at S1, S2, and S3, which could offer buying opportunities. Monitoring the price action around these critical support and resistance levels will be crucial for making informed trading decisions. Overall, the market sentiment appears cautiously optimistic, with key levels and indicators suggesting a potential continuation of the upward trend, provided the resistance levels are successfully breached and maintained.
by MarsSignals
1
PHBUSDT.4HPHB/USDT 4-hour chart, several critical technical indicators and levels stand out, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Phoenix (PHB) has experienced a significant upward trend recently, with the current price at approximately 2.9137 USD. The price is following an upward sloping trend line, indicating strong bullish momentum. There are two major resistance levels to watch: R1 at 3.1619 USD and R2 at 3.8438 USD. The price is currently approaching R1, and a successful break above this level could see it testing R2, indicating further bullish momentum. Support Levels: On the downside, the primary support level is identified as S1 at 2.4241 USD. This level has shown strong buying interest and could act as a floor if the price starts to decline. Below S1, the next significant support levels are S2 at 2.0440 USD and S3 at 1.1253 USD, which have been critical support zones in the past. Volume Analysis: The volume pattern indicates that the recent upward movements were accompanied by substantial trading volume, reinforcing the bullish sentiment. High volume on price increases typically suggests strong market participation and confidence in the upward trend. Conclusion: In conclusion, the PHB/USDT pair is currently in a strong bullish trend, supported by a rising trend line and significant trading volume. The key resistance levels to watch are 3.1619 USD and 3.8438 USD. A break above these levels would confirm continued bullish momentum. On the downside, the support levels at 2.4241 USD, 2.0440 USD, and 1.1253 USD are critical for maintaining the bullish outlook. A failure to hold these support levels could lead to a deeper retracement. Overall, the market sentiment for PHB remains optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
Long
by MarsSignals
HelenP. I Bitcoin will correct to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price entered to consolidation, where it at once rebounded from support 2, which coincided with the support zone and rose to the top part of the range, but then BTC made a correction movement. After this, the price fell to the support zone, where it reached the trend line and started to move up between this line and soon broke support 2 again. In a short time later BTC exited from consolidation and continued to grow a higher trend line to the next support level, coinciding with one more support zone. When the price reached this level, for some time traded near, and later made a little correction movement, thereby breaking the trend line, but soon BTC turned around and made a strong impulse up. Price broke the trend line with support 1 too and then rose to 72000 points, but a not long time ago BTC turned around and started to fall. For this case, I expect that BTC will decline to the trend line and then turn around and start to grow again. That's why I set my goal at 72500 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
Bitcoin (BTC/USD) - Weekly - Potential Support Trendline TestBitcoin (BTC/USD) has been in a long-term price uptrend since 2023. However, Bitcoin has been in a short-term downtrend since April 2024. Bitcoin price could potentially re-test Support Trendline 1 and support prices of approximately $56000 down to $55000. Bearish Scenario: price falls and test support levels below such as $58000, $55000, $50000, $45000, $40000. Bullish Scenario: price bounces and continues higher to resistance prices of $64000, $69000, $73000, $77000, $80000. Note: crypto regulatory changes, government vs crypto exchange lawsuits, breaking news, corporate earnings, and global events could override technical chart patterns. Date created: 05/10/2024
BITFINEX:BTCUSD
by NoFomoCharts
🔥 HONK: New Memecoin On The Block - You're still early!Memecoins like PEPE, Bonk, Floki etc. have been performing extremely well over the last few months. Their usecase is debatable, but does that really matter when a token rises 1,000%? Where most memecoins have already seen a massive upwards move, HONK has seemingly just started after it rose over 150% over the last two days. With a marketcap of around 5 million, this token can see some very decent upside if more investors start looking at it. Seeing that Bonk has a 3B marketcap, I don't see why Honk couldn't get to 1B at least. A 20x is far-fetched, but we all know that everything is possible in bullish conditions. Seeing this signals' risk-reward is over 35, a small investment (with an even smaller loss) can result in a potentially massive gain.
Long
by FieryTrading
10