HelenP. I Bitcoin can make small move up and then rebound downHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price a not long time ago dropped to the trend line and at once turned around and rebounded up higher than support 2, breaking it. Next, the price started to trades inside consolidation, where it some time traded near the support level and then rose to the top part of the pattern. Later, BTC rebounded from this part and declined to support 2, breaking the trend line, but soon turned around and made impulse up, thereby breaking the trend line again and exiting from consolidation. After this, the price continued to increase and soon reached support 1, which broke too and started to trades another one consolidation. Bitcoin some time traded near support 1 and then rebounded up to the top part of a consolidation, but a not long time ago it started to decline. So, in my mind, BTCUSDT will rise to the top part again and then rebound down to the support zone, thereby breaking the trend line with the support level. That's why I set my goal at 62100 points, which is located in the support zone. If you like my analytics you may support me with your like/comment ❤️
USDT-D
KASPA USDT 4H CHART TA+price predictionHi! Today I will analyze Kaspa / Usdt chart on 4h timeframe and I will look up what's following in near future - price prediction. TA by Blaž Fabjan
The descending triangle is highlighted, signaling a potential bearish continuation or reversal.
1. Resistance is marked on the chart, suggesting that the price is struggling to break above that level.
2. Support is seen near the base of the triangle. If this support level breaks, a more significant downside is expected.
Indicators:
VMC Cipher Divergences: Suggesting a mix of bullish and bearish divergences. Current momentum appears bearish, as evidenced by the divergences. However, there could be a potential reversal, depending on the market structure.
RSI (Relative Strength Index): Sitting near the lower range (~42.77), which suggests that the asset is not yet oversold, but it's approaching a level that could present a buying opportunity if oversold conditions are met.
Stochastic RSI: It appears oversold (~42.35), indicating that a reversal or upward momentum might be due soon.
Price Action:
The chart shows a potential downward move towards the lower boundary of the triangle, which is marked with an emoji representing the target zone. A bounce from this zone may lead to a bullish breakout, as indicated by the upward arrow.
If the price falls below the triangle, the next support is likely around the $0.1500 level (as per the emoji), with a possible further decline if that level is breached.
Volume:
The volume appears stable, but no significant spikes indicate a strong trend change or momentum yet. Low volume during a potential breakdown would suggest a weaker move, while a volume spike could confirm the breakout/breakdown.
Trading Plan
Short-Term Outlook (Bearish Continuation):
Entry: If the price breaks below the current support at ~$0.1600, short positions could be considered, targeting the next support near $0.1500 or lower.
Stop Loss: Set just above the resistance level, around $0.1700, to minimize risk.
Target: Short-term targets would be $0.1500 (first support), potentially moving lower depending on market conditions.
Bullish Reversal (Medium- to Long-Term Outlook):
Entry: If the price bounces off support (as indicated by the chart), wait for confirmation of a reversal before entering. Look for a close above $0.1700 as a bullish sign.
Stop Loss: Set below the triangle's lower boundary at ~$0.1550.
Target: First target could be around $0.2100, following the chart’s indication of a potential sharp upward movement. Breakouts from descending triangles often lead to significant upward momentum.
Confirmation:
Wait for confirmation of direction either through volume increase or a clear breakout from the triangle. Trade cautiously within the triangle as price movements could be choppy.
In summary, the chart suggests a possible short-term bearish movement towards the $0.1500 level, followed by a potential bullish reversal. Watch for breakout confirmation and act accordingly based on the defined trading plan.
Bitcoin - Where will Bitcoin go after the interest rate cut?Bitcoin is above the EMA50 and EMA200 in the 4H timeframe and is trading above the $60,000 level
Risk On sentiment in the US stock market or investing in Bitcoin ETFs has led to its continued upward movement, and you can look for Bitcoin buying opportunities by maintaining the drawn upward trend line and not breaking it
Capital withdrawals from Bitcoin ETFs or risk Off Sentiment in the US stock market will pave the way for Bitcoin to decline. Selling will be justified after a valid break of the specified support area
USDT Dominance Update - Sep 21 2024#USDT dominance is most probably heading for the lower level of 5.3% which means BTC and the rest of the market can possibly rise to higher levels. But 5.3% area is a very critical zone and if it's going to be broken, it won't get broken without an initial reaction. So we can expect to see some rise from the mentioned level which means Long positions must be closed once USDT reaches the zone.
BTC/USDT Technical Analysis Overview: BTC recently broke above a key resistance trendline after forming a higher low near the 52,000-53,000 USD range. It is currently trading at around 63,445 USD.
The brown-shaded area on the chart highlights a zone between approximately 62,000 and 70,000 USD, which appears to be a significant resistance zone.
The green trendline below seems to represent a long-term support level, from which BTC has rebounded multiple times.
The yellow and purple moving averages on the chart suggest a short-term bullish momentum, with the shorter-term average trending upward and the price breaking above it.
Downward Resistance Line: A previously descending resistance line was broken, indicating a potential bullish breakout.
BTC appears to be entering a bullish continuation phase, attempting to push further into the resistance zone. If the price holds above the 62,000 USD level, it could target the upper end of the brown zone near 70,000 USD.
Let me know if you'd like a more detailed technical analysis!
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Bitcoin Dominance Keeps Rising: Alts Will Keep Getting Rekt!Most altcoins have been underperforming BTC by quite a big margin over the last ~2 years. If you look at most alts, they are edging around the bear-market lows or trading slightly above it. A far cry from BTC's ~4x above the bear market low.
The result of BTC's overperformance is the sharp rise in Bitcoin Dominance (BTC.D).
As of last week, BTC.D has made a new high this cycle. With the risk of a recession increasing, there's a high probability that Bitcoin is going to be the investment of choice for crypto holders (apart from stablecoins).
My assumption is that the BTC.D will continue to rise towards the yellow area, potentially even higher if the recession actually hits.
Alts are prone to lose against BTC, and are likely to keep losing value against BTC for the foreseeable future. On the other hand, if the BTC.D keeps rising it will also come down at some point and cause a massive alt season.
Patience is key.
PEPE / USDT TECHNICAL ANAYLSIS ON 4H TIMEFRAME BINANCE CHARTRising Wedge Formation:
The chart shows a rising wedge pattern, which is typically considered a bearish pattern. This pattern suggests that while the price is moving upwards, the movement is becoming more constrained and might lead to a breakout to the downside once the wedge reaches a critical point.
Support and Resistance Levels:
Support Levels: Around 0.000000583 USDT, which aligns with the lower trend line of the wedge. This level could act as a potential bounce zone.
Resistance Levels: The price is facing potential resistance at 0.000000886 USDT and further upwards near 0.000000986 USDT.
Volume Analysis:
The volume appears to be declining as the price moves within the wedge. Lower volume during a rising wedge can be a warning of an impending reversal or consolidation phase.
Indicators (RSI, Stochastic, VMC):
RSI (Relative Strength Index): Sitting near 42.72, indicating that the price is not in overbought or oversold conditions but is leaning towards a bearish bias.
Stochastic RSI: Shows a reversal from the oversold territory, indicating a potential short-term bounce or consolidation.
VMC (Market Cipher-like indicator): Shows multiple divergences, suggesting some conflicting signals but likely a continuation of the downward pressure in the short term.
Prognosis for PEPE/USDT:
Short Term: The price may test the lower bound of the wedge (around 0.000000583 USDT), as the wedge structure and other indicators suggest potential downward pressure. A short-term bounce from this support is possible given the Stochastic RSI showing oversold conditions.
Medium Term: If the price breaks the lower trend line of the wedge, it may fall towards 0.000000583 USDT or lower, confirming the bearish wedge pattern. If the price holds above this, it could consolidate and make another attempt to push upwards to 0.000000886 USDT or even higher towards 0.000000986 USDT.
Bullish Scenario: If buying pressure increases and the price breaks above the upper resistance (around 0.000000886 USDT), the next target would be 0.000000986 USDT, which could trigger a more significant uptrend, invalidating the wedge pattern.
Bearish Scenario: A confirmed breakdown from the wedge could lead the price toward the 0.000000583 USDT level, with a possible deeper correction if this level doesn't hold.
BTC/USD 4H Short Trade Setup: Anticipating a Momentum ShiftThe trade seems to be based on a potential rejection or weakness in the current price action, with targets likely set to take advantage of a downward movhart setup:
Analysis:
1. Entry Point: The trade might have been triggered around the current price level, where the market shows signs of stalling or reversing.
2. Stop-Loss: Placing the stop-loss above the recent highs ensures protection against a false breakout or unexpected upward movement.
3. Take-Profit: The take-profit targets could be set at key support levels or based on Fibonacci retracement levels, considering the recent price action.
4. Risk Management: As always, managing risk properly is crucial, so partial profits can be taken along the way, and stop-loss levels can be adjusted to secure gains if the price moves in your favor.
5. Market Conditions: We may stay in a range before the anticipated move happens. This is going to be a short trade, aimed at catching some momentum for the start of the week. I might close it early depending on how the momentum develops, so it’s important to stay flexible and adapt to the market conditions.
This trade anticipates a possible range-bound movement before a momentum-driven shift occurs. Given the nature of the setup, it may be a brief trade aimed at capturing the initial momentum of the week. The position might be closed early, depending on how the momentum unfolds. Stay vigilant and be ready to adjust based on market conditions.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Trading Idea: Dogecoin Support Level StrategyCurrent Support Level: Dogecoin (DOGE) has reached a key support level.
Bounce Scenario: If the price holds this support, we could see a bounce from here, offering a potential long entry opportunity.
Breakdown Scenario: However, if the price breaks below this support, it could signal further downside, with the next target being the next support level.
Confirmation: Wait for a clear bounce or breakdown confirmation before entering. A strong bounce would suggest upward momentum, while a close below the support with increased selling pressure would confirm the breakdown.
Risk Management: If entering on a bounce, place a stop-loss just below the support. If entering on a breakdown, place a stop-loss slightly above the broken support level to manage risk.
USDT Market cap & Bitcoin Price Update"$15k to $74k"...In this bitcoin rally, market dumped total 5 times 📉
But every time the CRYPTOCAP:USDT market cap is just going UP📈 Whales are pumping market by buying every dip🚀
After touching $74K, btc price dumped -32% but USDT Market cap pumped almost +16%
It indicates that usdt is printed daily to buy the dips!
pbs.twimg.com
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2017 : USDT MCAP 1.4B - BTC ATH 20K
2021 : USDT MCAP 82B - BTC ATH 69K
2024 : USDT MCAP is now 118B - BTC Price is $60K
USDT pumped +44% but btc still below previous ATH
The Bull Run is not over!
pbs.twimg.com
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TURBO price volatility gonna increase soonAfter four months of sideways accumulation and holding strong above 0,003$ TURBO is poised to face the next leg up. Considering that the Ethereum meme ecosystem is constantly growing and - chartwise - ETH is making higher highs and higher lows over the last two years riding towards new all-time-high this could play out very well in the future.
Historically, squeezing Boilinger bands point to a big volatility move after consolidation. Let's see how this play out.
BTC Correction to 59K – Next 61K?GM crypto bro's, happy weekend! This morning, the Fear and Greed Index remains neutral at 51. BTC made a slight correction last night to the 59K area. The next big possibility is still 61K - 62K.
Today's market update is mostly the same as yesterday. As always, the market is dynamic; don’t be FOMO. Stay safe, keep calm, and remember anything can happen in the crypto market. Always manage your risk. That’s all for today’s crypto update—this is Akki signing off with one chart. Have a nice day!
PORTALUSDT.4HAnalyzing the 4-hour chart for PORTAL/USDT, it's evident that the price has been experiencing a volatile trend. Initially, the price observed a significant drop from a high, marking a critical resistance level, denoted as R1, at approximately $0.3474. This was followed by a downtrend where the price formed lower highs and lower lows, confirming a bearish momentum.
After reaching a local low, the price rebounded, but it faced resistance at the descending trendline, unable to break through. This resistance, along with the subsequent lower high, reconfirms the strength of the bearish trend. As I analyze further, the immediate support level, labeled as S1 at $0.2074, appears crucial. A breach below this could lead to further declines, potentially retesting the previous low at around $0.2035.
From a technical perspective, the Moving Average Convergence Divergence (MACD) is hovering near the zero line with a flat histogram, which indicates a lack of strong momentum in either direction. The Relative Strength Index (RSI) at 55 suggests that the asset is neither overbought nor oversold, providing little directional bias from this indicator.
In conclusion, the current market setup suggests a cautious approach. The persistence of the bearish trendline and the resistance levels above indicate that any bullish efforts might be capped, whereas a break below the $0.2074 support could ignite further selling pressure. Trading strategies should consider these technical levels, with potential setups for short positions on rallies towards resistance or breakdowns below support, always keeping an eye on sudden shifts in market sentiment that could disrupt this technical outlook.
ADAUSDT.1DExamining the daily chart for ADA/USDT, it’s apparent that Cardano has undergone a period of considerable decline followed by stabilization. The chart reveals a clear descending trendline, with price peaks progressively lowering, indicative of a strong bearish trend.
The price currently hovers near $0.3530, with evident support around the $0.2786 level, marked as S1. This support is critical as it has previously prevented further declines. The resistance levels are defined, with the primary resistance R1 at $0.4634. The price action around these levels suggests consolidation with a potential for either an upward breakout or further downside if the support fails.
The Moving Average Convergence Divergence (MACD) shows the MACD line below the signal line and close to crossing back, which can often suggest a potential shift in momentum. However, the negative values imply bearish pressure remains. The Relative Strength Index (RSI) is around 45, indicating neither overbought nor oversold conditions, suggesting a lack of strong momentum to drive price significantly in either direction.
In summary, ADA/USDT is in a critical phase, consolidating within a bearish trend. A decisive movement beyond the established resistance at $0.4634 could signal a reversal and potential bullish upturn, while a break below the support at $0.2786 may extend the bearish trend. Given the current market conditions, my strategy would involve closely monitoring these levels for signs of a breakout or breakdown, allowing for tactical entries based on confirmed movements beyond these key thresholds.
ICPUSDT.1DObserving the daily chart for ICP/USDT, it's clear that the market has undergone various shifts, marked by the creation of significant high and low points. The price currently hovers around $8.622, nestled within a defined trading range.
Trend Analysis: The ICP has been trending downward, as indicated by the descending red trendline on the chart. This trendline has been a consistent resistance, pushing the price lower on each attempt to break higher. The recent price movement suggests an upward trend might be forming, but it remains critical to see if the price can break and hold above this descending resistance.
Key Levels:
Support (S1): $4.681 - This level is crucial as it represents the most recent significant low. A breach below this could signal a continuation of the bearish trend.
Resistance (R1): $11.125 - This level aligns with previous price peaks and the descending trendline. A breakout above this level would be a significant bullish indicator.
Resistance (R2): $14.156 - This is the next significant resistance if R1 is surpassed, indicating a possible return to previous highs.
Technical Indicators:
MACD: The MACD line is above the signal line and both are above zero, suggesting a growing bullish momentum. However, the close proximity to the signal line advises caution.
RSI: At approximately 59.57, the RSI is in a neutral zone, indicating no overbought or oversold conditions currently but leaning towards overbought territory.
Conclusion: Considering the current setup, my strategy would involve watching for a decisive break above the R1 resistance level at $11.125. Such a move could validate a change in trend from bearish to bullish. Conversely, a drop below the recent support at $4.681 would reinforce the bearish trend and could indicate further downside. Given the current market signals, maintaining a flexible position to capitalize on a confirmed breakout above resistance or breakdown below support would be prudent. The inclusion of stop-loss orders to manage risk in case of sudden market reversals is also advisable.
FTMUSDT.1DUpon reviewing the daily chart for FTM/USDT, I see a fascinating trend and pattern development that deserves attention. Currently, the price is around $0.4712, showing some signs of recovery after a prolonged downtrend.
Trend Analysis: The previous downtrend was marked by a series of lower highs and lower lows, as depicted by the descending trendline. Recently, the price has broken above this trendline, suggesting a potential reversal or at least a pause in the downtrend. This breakout could be an early signal of changing dynamics in the market.
Key Support and Resistance Levels:
Support 1 (S1): $0.2563 - This level, marked on the chart, has previously acted as strong support. It's critical because if the price were to decline, a hold above this level could reinforce bullish sentiments.
Resistance 1 (R1): $0.5715 - This level is the immediate hurdle for any upward movement. It coincides with past price reactions, making it a significant threshold for further gains.
Resistance 2 (R2): $0.7985 - Should the price move past R1, this next level would likely act as a substantial resistance, being a previous high area.
Technical Indicators:
MACD: The MACD line is above the signal line and both are above zero. This indicates increasing bullish momentum, which supports the potential for further price increases if the trend continues.
RSI: The Relative Strength Index is around 31.60, close to the oversold territory. This suggests that the market could be undervalued at this point, potentially leading to a buying opportunity.
Conclusion: The break above the descending trendline along with supportive indicators like MACD and RSI near oversold levels suggest an emerging bullish scenario. My strategy would be to watch for a sustained hold or consolidation above the trendline and possibly enter long positions near the support of $0.2563, targeting the next resistance levels. However, it's crucial to be vigilant and prepared to adjust strategy based on how the price reacts at these key resistance levels. Setting stop-losses below S1 would be prudent to manage potential downside risk. This approach offers a balanced view between optimistic recovery signals and the need for cautious risk management.
MINAUSDT.4HExamining the 4-hour chart for MINA/USDT, we notice a prevailing downward trend with the price currently at around $0.4372. The chart displays a series of lower highs and lower lows, a hallmark of bearish momentum over the observed period.
Trend Analysis: A descending trendline captures the series of lower highs, indicating sustained selling pressure. The price recently tested this trendline and was rejected, reinforcing the strength of this downward trajectory.
Key Support and Resistance Levels:
Support 1 (S1): $0.3203 - This level represents a significant low point on the chart where the price could potentially stabilize or rebound if it continues to fall.
Resistance 1 (R1): $0.6060 - This marks the most recent peak before the price retraced. Overcoming this level would be crucial for reversing the current bearish sentiment.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) line is close to the signal line, indicating a potential for either direction, but still below zero which suggests bearish dominance.
RSI: The Relative Strength Index (RSI) at approximately 59 indicates a neutral momentum, neither overbought nor oversold, suggesting potential for either upward or downward movement.
Conclusion: Given the established downtrend and current resistance testing, caution is advisable. The strategy would involve monitoring for any potential breaks above the trendline as a sign of bullish reversal. Should the price approach the support at $0.3203, watching for a strong bounce or further decline will be critical. Trading should consider these levels for setting entry and exit points, with a close watch on the MACD and RSI for any signs of momentum shift. Setting stop losses just below the support levels can help mitigate risk in case of a breakdown.
ONEUSDT.4HUpon examining the 4-hour chart for ONE/USDT, I've observed several key dynamics that inform my technical analysis:
Trend Overview: The price action over recent months shows a fluctuating but overall bearish trend. The chart presents a series of higher lows and lower highs, indicating significant volatility within a descending channel.
Key Support and Resistance Levels:
Support 1 (S1): $0.01116 - This level has previously acted as a strong floor for price dips, and any approach towards this value should be closely monitored for potential buying opportunities or further breakdowns.
Support 2 (S2): $0.01010 - This represents the lowest recent price point, a critical juncture if the downtrend continues and breaks past S1.
Resistance 1 (R1): $0.01329 - This level has capped recent attempts to rally, and a break above this could signal a short-term bullish reversal.
Resistance 2 (R2): $0.01483 - A further challenge for bullish momentum, crossing this could shift medium-term market sentiment.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) lines are close to converging, suggesting a potential change in momentum or a stabilization of price movement.
RSI: The Relative Strength Index (RSI) is at 63.75, which leans toward overbought territory but still allows for some upward movement before typical reversal signals become apparent.
Conclusion and Strategy: Based on the current chart setup and the proximity of price to S1, my strategy would involve close observation for either a bounce off S1 or a break below, with potential entries set near these key levels. For bullish scenarios, awaiting a clear break above R1 with increased volume would be prudent before initiating long positions. Alternatively, a drop below S1 should prompt consideration for short positions, especially if followed by sustained low momentum or further bearish indicators.
Risk management is crucial given the volatile nature of ONE/USDT, with tight stop losses just above or below the key levels depending on the position (long or short) to protect against sudden directional changes. The ongoing observation of MACD and RSI will be vital in adjusting strategies as the market sentiment evolves.
Bitcoin Short-Term Resistance: Watch The Bears!In this analysis I want to take a look at BTC's short-term price action: what can we expect over the next few days?
As seen on the chart, the price is currently slightly reversing from the diagonal purple resistance. It's too early to call for a reversal, but we have to be cautious nevertheless.
On the bottom you can see the RSI indicator flashing overbought. The previous 2 times this occurred it caused a reversal.
This is exactly the same as today: RSI overbought and hitting resistance. This is not a time to be bullish. I'd wait for the price to pierce through the resistance. For aggressive bears, however, this seems like a perfect bearish swing-trade.
HelenP. I Bitcoin will continue to move up to resistance levelHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some time ago rebounded from the resistance level and dropped lower than the support level, which coincided with the support zone. After this, BTC turned around and in a short time rose higher than the 53900 level, breaking it, and then continued to grow to the resistance level. When the price reached this level, it some time traded near it, after which made the correction and later backed up to the 61200 level. Soon, BTC broke this level and then reached a trend line, after which the price turned around and dropped lower 61200 level, breaking it one more time and continuing to decline. Price declined near the trend line to the support zone, after which the price turned around and made an impulse up, breaking the trend line. At the moment, BTC continues to move up, so, I expect that price will continue to move up to 61200 resistance level. For this case, my goal is this level. If you like my analytics you may support me with your like/comment ❤️
BITCOIN - Price can start to decline 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 reached $61800 level, broke it, and continued to move up.
Price reached resistance line, then it turned around and started to decline and soon exited from channel.
Next, price continued to decline in wedge, where it declined lower than $61800 and $55700 levels, breaking its.
Then BTC reached support line of wedge and then started to grow inside another rising channel.
In this channel, price broke $55700 level and at the moment it trades near resistance line of channel.
Possible, BTC can reach resistance line of channel and then start to decline to $55500
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