BITCOIN - Price can continue move up to resistance levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price little declined and then bounced up to resistance level, which coincided with resistance area.
But then it started to decline inside pennant, where it fell to support line, breaking $67500 level.
After this BTC turned around and made strong upward impulse to $70300 points, exiting from pennant.
Then price continued to grow in wedge, where it broke $70700 level, but a not long time ago made downward impulse.
Bitcoin broke $70700 level and exited from wedge also, falling to $68300 points, after which it started to grow.
At the moment, I think BTC can little decline again and then continue to grow to $70700 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
USDT-D
Bitcoin can break resistance level and continue grow in channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price reached the resistance level and even entered to the seller zone, where started to decline inside the downward pennant. In this pattern, it fell to the support level, which coincided with the buyer zone and also reached the support line of the pennant, after which rebounded up to the resistance line. Then BTC exited from a downward pennant and fell lower than the 60200 level, but soon it turned around and started to rise inside the upward channel, where BTC broke the support level one more time. Next, the price made retest and continued to move up in the channel and even made a fake breakout of the resistance line, but when Bitcoin touched the resistance level, it at once rebounded back to the channel. But a not long time ago price rebounded from the support line of the channel to the resistance level and now continues to trades very close to the 71200 level. So, that's why I think that BTC can make a correction movement to support line of the channel and then rebound up higher that resistance level, breaking it. After this move, the price can continue to move up in the upward channel, therefore I set my target at 75000 points. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can bounce down to $67900, breaking trend lineHi folks today I'm prepared for you Bitcoin analytics. Some days ago, the price rebounded down to the trend line, thereby breaking the support level, which coincided with the support zone, but at once turned around and made impulse up, breaking the 60600 level one more time. After this, the price made a correction to this level and later continued to move up to the resistance level, which coincided with the resistance zone. When BTC reached the 71400 level, it even entered the resistance zone, but at once turned around and started to decline. In a short time, the price fell to the trend line, after which rebounded and rose to resistance level back. And even recently Bitcoin broke it and tried to fix in the resistance zone, but failed and fell below. So, for my mind, BTCUSDT will rise to the resistance zone and then start to decline to the trend line, after which break it and continue to fall. For this case, I set my goal at 67900 points. If you like my analytics you may support me with your like/comment ❤️
NOTUSDTNOTUSDT is trading inside the symmetrical triangle . The price is reacting well the support and resistance of symmetrical triangle.
Currently the price is getting support from descending channel and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 0.02600
What you guys think of this idea?
BTCUSDT Can Break the Bullish Flag Pattern....!Dear Traders,
We are convening a discussion focused on #BTCUSDT
A Bullish Flag Pattern is Formed
Now it's Ready to Break the Pattern
In Case of Successful Breakout, Expecting a Bullish Move of 20%🚀
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Bitcoin's LAST Hurdle: Short-Squeezing To New Highs!Bitcoin has shown that it's ready for a new all-time high by printing relatively big green candles over the last 3 days. However, the 73k-74k area remains an area of big resistance. Previous buyers are looking for an exit, whilst patient bears wait for the perfect short.
My best guess is that Bitcoin is going to trade around the purple area for a couple of days, flushing out over-leveraged bulls and bears. However, the break out that will follow will likely be violent.
With all the short-stops lying above the current all-time high, it's more than likely that the new all-time high break out will take us multiple percentages above the current ATH. I'm personally aiming at 80k within the first 1-2 days, potentially even 90k in the first week after the break out.
Be patient and dont trade small fake-outs.
MAV Bullish Channel ReversalJust like my recent CYBER analysis, MAV is trading within a bullish channel. I'm anticipating that the low is in (for now) and that the most likely path forward would be a continuation of the trend.
Target at the top of the channel or 1.25$, stop below the recent swing lows.
CYBER Bullish Channel: More Gains Expected Soon!CYBER is a relatively new token on the Binance exchange. Since it's inception, this token has been mainly going up inside this bullish channel.
After a recent touch of the bottom support, it would theoretically be a great time to step in.
Target at 22$, stop just below the recent swing lows.
Full analysis of Dominance Tether ( USDT.D )We are at the most important time bullran of Bitcoin and crypto market.
We have now reached the bottom of the descending channel and the most important Tether trend line (we were with this trend line from December 2017 to November 2021).
If the bottom of the channel breaks and reaches the trend, Dominance Tether will fall by 11% and a strong fomo will form, the price of Bitcoin will reach 70~89 thousand dollars, then we will see a sharp correction of the market after the halving. (unmodified
bullran is very dangerous and fragile).
But if the bottom of the channel is not broken, dominance will reach the range of 5.5%, as a result, the whole market will undergo a severe correction and the upward trend of the market will remain for the next halving.
Market correction can be done with strange and unexpected news.
The most important market days are March 11 and May 11 (white dotted line).
Be very careful in transactions, especially setting stop loss, in these 2 months whales and exchanges will be more active to get liquidity and stop hunters.
BTCUSDT.1DThe daily chart for Bitcoin (BTC) against USDT showcases key technical aspects that provide insights into potential future movements:
Resistance Levels:
R1 ($65,799.19): This level has previously acted as a strong resistance where price failed to break higher, suggesting significant selling pressure at this point.
R2 ($75,719.00) and R3 ($79,914.46): These levels represent further psychological barriers and possible profit-taking points if the price were to rally.
Support Levels:
S1 ($59,244.67): This is the nearest support level, currently underpinning the price. A breakdown below this could lead to further declines.
S2 (not explicitly marked with a price but indicated on the chart), and S3 and S4: Lower supports which, if breached, could signify a bearish market sentiment.
Current Market Position:
The price of BTC is currently at approximately $68,972.39, hovering just below R1 and above S1. This positioning indicates a consolidation phase within these boundaries.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line but close, indicating a potential for a bullish crossover which could signal upward momentum if it occurs.
RSI (Relative Strength Index): The RSI is at 56, suggesting that there is room for price growth before reaching the overbought territory (typically above 70).
Trend Analysis:
The presence of an upward trendline from previous lows provides a visual representation of the current uptrend. This trendline acts as a dynamic support that can guide the price higher.
The current price is testing this trendline, and a sustained break could determine the short to medium-term market direction.
Trading Strategy:
Bullish Scenario: If BTC breaks and holds above R1, it would indicate potential for a move towards R2 and R3. Traders might look to enter long positions on a breakout above R1 with stop-losses placed just below this level.
Bearish Scenario: A drop below S1 could trigger a move towards lower support levels. Short positions could be considered if there is significant volume supporting the downward move, with stop losses just above S1.
Conclusion: Monitoring the reaction of BTC at these critical levels (R1 and S1) and the behavior around the trendline will be key. A decisive move either above R1 or below S1, supported by strong trading volume, would help confirm the market's direction. As always, it is crucial for traders to consider external factors such as market news and global economic conditions that could impact cryptocurrency markets.
ETHUSDT.1DThe daily chart for Ethereum (ETH) against USDT provides a detailed view of the price movements and key levels that could indicate potential future actions:
Resistance Levels:
R1 ($4,126.11): This level has been a recent high and could act as the first significant resistance.
R2 ($4,371.66) and R3 ($4,752.50): These are the subsequent resistance levels that the price may encounter if it breaks past R1. R2 and R3 could serve as targets for taking profits if Ethereum enters a bullish phase.
Support Levels:
S1 ($3,301.24): This is the nearest support level where the price might find a floor if there's a pullback.
S2 ($2,874.64) and S3 ($2,112.62): These lower supports may come into play if there is a significant downward trend or market correction.
Current Market Position:
The price of ETH is currently hovering near $3,771.07, positioning it above S1 but below R1. This suggests some consolidation between these levels.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is close to zero with a slight bullish histogram, suggesting that there might be a buildup in bullish momentum, although the signal isn’t strong yet.
RSI (Relative Strength Index) is at 66, which is moderately high but still below the overbought threshold of 70. This indicates that there might still be room for upward movement without immediate overbought concerns.
Market Sentiment:
The descending trendline from the peak in April to the present suggests that ETH has been under a bearish control but is now potentially trying to break this trend. A confirmed breakout above this trendline could signal a change in momentum to bullish.
Trading Strategy:
Bullish Scenario: Should ETH break above the descending trendline and R1, traders might consider long positions with targets at R2 and R3, setting stop losses just below R1.
Bearish Scenario: If ETH fails to break the descending trendline and drops below S1, this could indicate a continuation of the bearish trend, with potential targets at S2 and S3. Traders might look to short ETH or exit long positions to minimize losses.
Conclusion: Traders should monitor Ethereum’s reaction to the descending trendline closely. A breakout above this line and R1 could herald a new bullish phase targeting higher resistances. However, a failure to surpass these levels and a subsequent drop below S1 could extend the bearish sentiment. As always, market conditions, global economic factors, and news specific to Ethereum should be considered when making trading decisions.
OMUSDT.1DThe daily chart for OM/USDT presents a detailed overview of the price movement and potential future actions.
Support and Resistance Levels:
R1 ($1.0626): This is a significant resistance level where previous rallies have found selling pressure.
R2 (Not numerically marked but evident through the trendline): This is a projected upper resistance following the ascending trendline.
S1 ($0.7760): This level has previously acted as a strong support where the price has rebounded multiple times.
S2 (Marked by the lower dashed line on the chart): This secondary support could be crucial if a more substantial price decline occurs.
Current Price Action:
The price of OM is currently below R1, indicating that it is in a consolidation phase within a larger uptrend as marked by the ascending resistance trendline.
The current price breakout above S1 suggests that buyers are active and the market sentiment might be turning bullish.
Technical Indicators and Patterns:
The ascending trendline indicates a long-term bullish trend that OM is attempting to maintain.
The recent upward movement suggests that the market could be gearing towards a test of R1. A breakout above R1 would be significant and could lead to an approach towards R2, guided by the upper ascending trendline.
Potential Trading Strategy:
Bullish Scenario: Should the price continue to rise and break above R1, traders might consider entering long positions with a target at R2, maintaining a stop-loss just below R1 to protect against potential reversals.
Bearish Scenario: If the price fails to sustain current levels and breaks below S1, it could signal a potential bearish downturn towards S2. Traders could look to short on a breakdown below S1 with a tight stop-loss above it.
Conclusion: The OM/USDT chart suggests a bullish outlook with a caution to monitor the resistance at R1 closely. Traders should look for volume confirmation on any breaks above this level to confirm the strength of the move. Remaining vigilant for any reversal signs is crucial, as breaking below S1 could alter the bullish scenario significantly.
ROSEUSDT.1DLooking at the daily chart of ROSE/USDT, we can observe several technical elements that suggest potential future price movements.
Resistance Levels: The chart identifies three significant resistance levels at R1 ($0.13625), R2 ($0.15388), and R3 ($0.18590). These are the points where selling pressure has previously overcome buying momentum, leading to a price reversal.
Support Levels: Two key support levels are indicated as S1 ($0.08506) and S2 ($0.06005). These levels have historically provided a price floor, where buying interest has been strong enough to prevent further declines.
Price Trends: The price trend has shown a decline from the previous highs, followed by a period of consolidation. This consolidation phase is depicted with a predicted potential short-term bullish movement (as indicated by the green arrow), suggesting an anticipated retest of the R1 resistance level.
Trading Strategy:
Bullish Scenario: If the price breaks above the current consolidation phase and surpasses R1, there might be an opportunity to trade towards R2. Traders would consider buying on a confirmed break above R1 with stop losses set below this level to mitigate risk.
Bearish Scenario: Should the price fail to break above R1 and instead moves downward, breaking below S1 could open a path to S2. This would be a signal for a potential short trade or exiting long positions to minimize losses.
Volume and Volatility: While not explicitly shown on the chart, volume and volatility are important to watch. An increase in volume during a price breakout above resistance or below support can validate the move, suggesting a stronger momentum.
Conclusion: Current indicators suggest a cautious approach, watching for either a breakout above the consolidation to target R1 and potentially R2, or a breakdown below current levels towards S1. Setting appropriate stop losses and considering the broader market context will be crucial for trading decisions. Traders should remain adaptable to changes and keep an eye on volume as an additional confirmation for any moves.
BNBUSDT.1DAnalyzing the daily chart for Binance Coin (BNB) against USDT, we observe a significant price consolidation over the recent months. As of the latest data point, BNB is trading at $629.7. The chart is marked with several key resistance (R1, R2) and support (S1, S2, S3) levels.
Resistance Levels: R1 at $649.1 and R2 at $724.8. These levels have served as strong psychological barriers where price has faced selling pressure. The break above R1 recently suggests a bullish sentiment that may attempt to test the R2 level if this momentum continues.
Support Levels: S1 at $498.2, S2 at $398.5, and S3 below that which isn't clearly shown in the chart. The support levels indicate where buying interest has historically been strong enough to prevent further declines. Notably, the price hasn't tested S1 recently, indicating current market strength.
Technical Indicators:
RSI (Relative Strength Index) is at 56, which is moderately bullish and suggests there's room for upward movement before the asset becomes overbought.
MACD (Moving Average Convergence Divergence) is showing a bullish crossover, which supports the upward price momentum observed.
Price Action: The presence of bullish candlesticks breaking above R1, coupled with increasing trade volume, indicates an accumulation phase possibly by institutional investors, signaling strength.
Conclusion: The technical analysis suggests a bullish outlook for BNB in the short term, provided it sustains above R1. Traders might look for entry points on small retracements towards R1, setting stop losses just below this level to manage risk. The next target would be R2, with a possible breakout leading to higher highs. However, any reversal and break below R1 would require reevaluating this bullish scenario. Always consider market news and broader economic indicators which might influence market sentiment and cause sudden shifts in price trends.
USDT dominance is bearishIt has a bear structure.
USDT dominance has created a resistance line and a supply range.
It was expected to drop from the supply range towards the TPs
The TPs are clear in the chart.
Closing a 4-hour candle above the invalidation level violates the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
HelenP. I Bitcoin can make retest of trend line and rebound upHi folks today I'm prepared for you Bitcoin analytics. A not long time ago, the price reached the resistance zone, breaking the resistance level and some time traded in this area. But later, the price turned around and made a strong impulse down to the support level, which coincided with the support zone, thereby breaking the 69800 level again. After this movement, BTC soon turned around and in a short time rose to the 69800 resistance level from the 67200 support level one more time. Also then, the price broke the 69800 level and rose to the trend line, after which at once turned around and quickly declined back to the support level, breaking the resistance level again. Price tried to rise two times, and finally at the second try rebounded from the support level and made a strong impulse up, breaking recently trend line. Just now, BTC trades near this line, and I expect that the price will make a retest of the trend line, after the breakout and then continue to grow to the 69800 resistance level. That's why I set my goal at this level. If you like my analytics you may support me with your like/comment ❤️
BTCUSD - New heavens ?I said 2 things earlier but I changed my mind a bit
- the first thing was that I wanted to wait on Monday to do a new post because of the geopolitical situation and the halving, what happened last night convinced me that the floor was here (of course I can be 100% wrong)
- second thing is that from my last post, I said we could chill some months because nothing would happen, it still can be true but the situation looks familiar and this rebound just before the halving is kinda interesting, also summer is only in 2 months.
So, for the little time frame, we are sitting under the 1H 200MA which is about to likely be break (or maybe is already it took me times to write this)
I'm saying this situation looks familiar because the floor at the 0.786 fib which has been made during the past month is very similar to the one from Jan 2021 to June 2021(maybe not on the daily but if you zoom in you'll see it maybe)
You can note the big uptrend going on after this, not saying that we will see the same but from that pattern recognition, and knowing that it works well here, I think we're heading to the new ATH : 100K, a big psychological resistance + a line resistance made from the past highs in 2021
Also this is interesting to notice that this new floor is at the past first ATH made in March 2021
Till this new ATH I don't really see any other paths that could happen (or maybe I refuse to see them, also I don't know about the time it will make)
But then, here are the 2 scenarios I drew :
- Pink : We go super fast too 125k, 20% retrace rule to 100K while chilling during the summer and we go back to new highs from fall 2024/January 2025
- Green : We go a bit slower doing a retrace of 20% at 100 and 125K (or, in this scenario, not doing at retrace at 125K is possible)
I think those 125K and 100K are very important levels (that still can be drilled tho) for several reasons, the most important one is about the patterns BTC did the past cycles.
Concerning this pattern, it is very likely that we are going to go up till the beginning of Summer, then we might see some months of sunny holidays to retrace and we will be back for 1 year of this famous bull run that might start mid fall 2024/early January 2025
Cheers good luck,
W is about to moon :#W #Analysis
Description
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+ The price is showing a strong rebound from a major support level.
+ Recently, it successfully broke through the resistance line, indicating a potential upward trend.
+ Based on this momentum, I anticipate that the trend will hold steady and reach our projected targets.
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VectorAlgo Trade Details
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Entry Price: 0.648
Stop Loss: 0.498
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Target 1: 0.752
Target 2: 0.873
Target 3: 1.023
Target 4: 1.257
------------------------------
Timeframe: 12H
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
Frontusdt UpdateFrontusdt is making symmetrical triangle in case of successful breakout we are expecting a bullish move of 40% in coming days
DOGEUSDT.1DHere’s my detailed technical analysis of the DOGE/USDT daily chart:
Price Action and Structure:
The DOGE/USDT chart is demonstrating a pattern of ascending lows, indicative of a bullish sentiment in the formation of an ascending trendline. The chart’s structure with ascending trendline support suggests that buyers are incrementally willing to buy at higher prices, a positive signal in market sentiment.
Technical Indicators:
1. RSI (Relative Strength Index): The RSI stands at 54.37, which suggests moderate bullish momentum as it is above the neutral 50 mark but not yet into overbought territory. This positioning allows for potential upward movement without immediate pressure from an overbought correction.
2. MACD (Moving Average Convergence Divergence): The MACD is slightly above the signal line but very close to the zero line, indicating a lack of strong momentum. This scenario typically calls for cautious observation as it could imply potential for either direction, but the current slight bullish crossover can be seen as a tentative bullish signal.
Support and Resistance:
• Support (S1 and S2): Support at $0.12157 (S2) is critical. If the price maintains above this level, it may consolidate and attempt an upward movement. However, breaking below could lead to a test of lower support levels.
• Resistance (R1 and R2): The immediate resistance at $0.17569 (R1) needs to be watched. If the price can break and hold above, it would target the next resistance at $0.21158 (R2), indicating a significant bullish trend strength.
Projection and Strategy:
The projection on the chart anticipates a bullish move towards R1. If DOGE/USDT can maintain the ascending trendline, it could potentially approach and surpass R1, aiming for R2. A strategic approach would involve buying near support levels with a tight stop loss below the trendline to manage risk, while selling near resistance levels or holding if a breakout above R1 is observed with significant volume and momentum.
Conclusion:
DOGE/USDT is showing promising signs of a bullish continuation if it can uphold the ascending trendline support. Monitoring the price action near the support and resistance levels, along with the accompanying volume and indicator signals, will be crucial in confirming the trend’s strength and sustainability. As always, keeping an eye on overall market sentiment and news specific to Dogecoin will also be important in shaping the trade approach.