SOL Waiting For The BEST Entry: Bullish TriangleSOL has been trading inside this triangle pattern since practically forever. I'm not calling for a bearish move here, I'm only sharing my view from where I will enter if we continue to go down.
The bottom support has been holding on 4 seperate ocassions, my assumption is that it requires a lot of power to fall through, since bulls will be buying from there.
Ideally, SOL will move back up to the top resistance, or even better break out of it.
USDT-D
Ethereum: Watch This Channel!ETH has been trading inside this channel for over two years now. After the recent touch of the support, the support has solidified itself even further. Note that the support is a more clear-cut line, while the resistance is more an area.
Another touch of the bottom support would potentially be great news for the bulls, hence the signal on the chart. Seeing that we already touched it recently, we can use the wick as a clear stop level. Target placed at the top of the channel, $5000. This will create a great trade with a RR of 8.5.
Keep in mind that the support could potentially also break down. This would indicate a long-term bearish shift in trend.
CRYPTO MARKET CRASH COMING THE WEEK OF SEPT. 9TH - 15TH.I believe there is a massive crash coming for the crypto markets during the week of September 9th through the 15th. Don’t ask how I came up with this prediction; it’s too complex to get into. I don’t know if the drop will be a massive red candle in a single day or if it will be a multi-day process to achieve these lows, but I’m predicting that the minimum price drop will be 33%, to 50% in most cryptos (less than two weeks away).
This may be the 'Black Swan' that we have been waiting for, and for some, this will be the scariest moment in crypto. For others, it will be the buying opportunity of a lifetime.
Key takeaways from this prediction:
- The overall crypto market will drop sometime between Sept. 9th through the 15th.
- Price drop will be between 33% and 50% in a 7 day timeframe.
- Drop may be quick, as in a single day, or it may be a process that takes the full week.
Keep some cash on the sidelines to purchase physical coins to add to your long-term crypto stack. This buying opportunity may last only hours, days or could extend to the full week; only time will tell.
Let the countdown begin. And yes, I know this is a bold prediction, but I wouldn’t be sharing it if I didn’t believe it was actually going to happen, and yes, I may be wrong.
Good luck!
Bitcoin Quick Bullish Channel Set-Up: Trade The Wave!In this analysis I want to take a look at the bullish channel that BTC has been trading in for around 3 weeks. The bottom support and top resistance are perfectly matchin price action, so my guess is that a lot of traders are looking at this set-up.
I anticipate that BTC will reverse from this point. Unless the stock markets break down, the chart is clearly suggesting a reversal.
To minimize potential losses we keep a tight stop. Target at the top resistance. When doing this we can create a decent trade with a good R/R ratio as seen on the chart.
BITCOIN - Price can rise to resistance level and try to break itHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to wedge, where it soon fell to $64000 level, after which bounced to resistance line of wedge.
Next, price in a short time declined to $50700 points, thereby exiting from wedge and breaking $56200 level.
But soon, BTC turned around and started to grow inside rising channel, and later broke $56200 level again.
Then price reached resistance line of channel and at once made correction, after which rose to $64000 level.
After this, BTC turned around and fell back to support line of channel, and a not long time ago bounced up.
So, in my mind, price can bounce up from support line to $65800, thereby breaking resistance level.
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Bitcoin Is Perfectly On Track This CycleIn this analysis I want to take a closer look at Bitcoin's current bull-cycle and compare it with the previous cycles. I count from December 2011 onwards.
As seen on the chart, the first cycle (yellow) is an outlier in both duration and growth. We will likely never experience something like that again.
The most interesting cycles to compare the current cycle to ar the second (blue) and the third (purple).
As Bitcoin matures as an asser, it will likely experience diminishing returns. In other words; lower total gains from bear bottom to bull top.
However, cycle 4 is outperforming both previous cycles at their respective times. The most logical explanation would be that we had the BTC Spot ETF this year, which caused massive bullish pressure from institutional investors. Chances are that we have to endure a couple more neutral/bearish months in order to get below the blue and purple lines before we can see any substantial growth to >100k.
All in all, this cycle is on track with the previous cycles. If it were to follow the last two, we can expect BTC to top somewhere in the last quarter of 2025.
Happy to hear your thoughts!
HelenP. I Bitcoin can fall to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price declined to the trend line, breaking support 2, but soon rebounded back and some time traded near this level. After a little time, BTC fell to the trend line again, after which turned around and started to grow to support 1, breaking one more time support 2. A short time later price reached support 1, which coincided with the support zone and broke this level, after which rose to 65000 points. Then price some time traded and later made a correction movement to the support zone and even now, BTC continues to trades in this area near the support level. So, in my mind, BTCUSDT will decline to the trend line, after which turn around and rebound up, higher than the support level. After this, the price can continue to grow, so, I set my goal at 64800 points. If you like my analytics you may support me with your like/comment ❤️
Crypto At A Crossroads: Is This Time Different?In this analysis we're going to take a look at TOTAL3, which is the total marketcap of crypto excluding BTC and ETH. In other words, all 'smaller' altcoins.
As seen on the chart, the altcoin market has been in a dire state since the start of April, almost 5 months at this point.
For now, the bearish channel pattern stays intact. I'm anticipating some kind of breakout in the near future, we simply can't trade within this pattern forever.
Looking at recent history, the bears have the short-term overhand since we rejected the top resistance yet again. However, once a support/resistance is used too many times the market anticipates it and will trade against it. This means that bulls might wait for investors to short in huge numbers and start to buy and cause a minor short-squeeze.
Personally, I'm leaning bullish. Alts have gotten a severe beating over the months and are currently looking quite attractive, especially with BTC trading around 63k and a very high BTC Dominance.
For now, we're in a grey area. Wait until this pattern breaks for long-term entries.
Bitcoin can rebound from resistance level and start to declineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago entered to triangle, where at once made an impulse down from the resistance line to the support line, breaking the 64900 and 57900 levels. After this, the price turned around and repeated impulse up to the support level, which coincided with the buyer zone and broke this level again. Next, BTC rose a little more, after which some time traded near and later made a correction to the 57900 level. Then the price bounced and rose to the resistance line of the triangle, some time trading near and later exiting from this pattern. After this movement, Bitcoin continued to move up to the resistance level, and when it reached it, price little time traded near and not long time ago started to decline. In my opinion, BTC can reach a resistance level again and then start to decline to the 57900 support level. For this case, my TP is at this level. Please share this idea with your friends and click Boost 🚀
ID Parallel Channel: Huge Risk RewardID has been trading inside a parallel channel for well over a year. The channel got confirmed after the price bounced from the lower support at the start of August.
With a stop just below the August lows and a target at 2.50 we can construct a very strong trade with a high risk-reward. Naturally, this trade assumes that the bottom is in for now.
Risky, but the potential pay-off is huge.
HelenP. I Bitcoin can break resistance level and continue growHi folks today I'm prepared for you BITCOIN analytics. If we look at the chart, we can see how the price reached the resistance level and instantly rebounded down to the support level. After this move, BTC turned around and made an impulse up, back to the 61300 level, traded there for a bit, and then dropped to the support level again. The price also started trading inside a triangle, where it broke the 58000 support level and fell to the trend line, which is also the support line of the triangle pattern. After this move, BTC made an impulse up from the trend line, breaking the support level again, and later corrected back to this level. Next, BTC rose to the resistance level but quickly dropped to the trend line, then shortly after, it rose back to the 61300 level. Now, the price is trading very close to this level, so, in my opinion, BTCUSDT will rebound from the resistance zone just below, then turn around and start to grow. I expect the price could break the resistance level and even exit the triangle, continuing to move up afterward. For this case, I set my goal at 62600 points. If you like my analytics you may support me with your like/comment ❤️
Bitcoin can exit from triangle and continue rise to 65600 levelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago started to grow inside the upward channel, where it soon reached a resistance level, which coincided with the seller zone. Later price broke the 65600 level and rose to the resistance line of the channel, after which rebounded and made a correction to the support line of the channel. Next, the price rose back, but soon turned around and entered to triangle, where it in a short time declined from the resistance line to the support line, thereby breaking the 65600 and 57500 levels and exiting from the upward channel. Then Bitcoin turned around and made impulse up from the support line, breaking the 57500 support level, which coincided with the buyer zone, and then made a retest. Also later, the price declined to almost the support line of the triangle, after which bounced and at the moment trades very close to the resistance line of the triangle. In my opinion, BTC can little correct to support line and then rebound up, thereby exiting from the triangle pattern. After this, price will continue to move up to the 65600 resistance level, so, that's why this level is my TP. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can bounce up from wedge to $70K pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price declined in falling channel, where it broke $65000 level and fell to $57900 level.
Then price broke this level too, also exiting from falling channel and entering to wedge, where it fell to support line.
Next, price at once made upward impulse to resistance line, breaking $57900 level again and then made correction.
Price some time traded near this support level and later started to grow to resistance line of wedge.
In a short time, BTC reached this line, which coincided with resistance level and at once fell little below.
I think that Bitcoin can fall almost support line and then bounce up from wedge to $70000, breaking resistance level too.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BTC - Long Trade IdeaBTC looks prime to continue up to take out the plethora of BSL above it's ATH after recently trading into a 3-month BISI.
On the lower timeframes, my POI for an entry with the current candles is the 2-day iFVG. On the hourly timeframe, the 4-hour gap within that POI would be interesting to monitor.
My stop is below a reasonable swing point that should not be traded into unless a large liquidation is on the cards, but the bodies should respect that I have outlined.
My first target is ATH, after that it is completely discretionary as there is nothing on the left side of the chart. For prediction's sake, I am anticipating 100k to be the next milestone for Bitcoin.
- R2F
BITCOIN - Price can little correct and bounce up of the triangleHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to wedge, where it at once declined to support line, which coincided with support level.
Then price in a short time rose to $63400 level, broke it, and later reached resistance line of wedge.
After this movement, BTC made downward impulse, exiting from wedge and breaking $63400 and $54400 levels.
Next, price entered to triangle, where it made upward impulse from support line to resistance line, breaking $54400 level again.
But then BTC made a correction movement, after which started to grow, and now it trades near resistance line.
Possibly, price can little fall and then bounce up to $66000, exiting from triangle and breaking $63400 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
PEPEUSDT🚨 Trading Signal Alert 🚨
Hello, traders!
I’ve just updated my chart with precise indicators to guide your trades. Here’s what you need to know:
🔴 Red Lines - Selling Phase: These lines signal the start of a downward trend. Consider taking profits or shorting on these dates:
• August 22, 2024, 02:00
• August 24, 2024, 11:00
• August 28, 2024, 12:00
🟢 Green Lines - Buying Phase: These lines indicate the beginning of an upward trend. Ideal for opening long positions on these dates:
• August 23, 2024, 06:00
• August 25, 2024, 07:00
• August 26, 2024, 05:00
• September 29, 2024, 11:00
These signals are based on a blend of trend analysis, momentum indicators, and predictive modeling. They’re designed to help you identify the best times to enter and exit the market, aiming to maximize your gains.
As always, combine these signals with your own analysis and risk management strategies for the best outcomes.
Happy trading and stay ahead of the market! 📈
BTC/USDT SAME XMN DATA CAN HAVE HUGE EFFECT FOR BTCWe have seen what XMN data have done with the trend of BTC in the past, and in 2024 for the first time the same XMN data shows.
The last XMN data did affect BTC from 53K to 16K
We are not able to count BTC where its able to go, but there is a high chance for BTC fall trend.
XMN data shows sometimes in the full history of BTC, and it's not something that shows in a low time frame.
BTC can still make more fake increase trends before the trend starts.
Never go on expecting, but follow BTC's low time frame what the data now shows.
Also, it means not that it should start today.. but how the data looks something can happen coming time if the data confirms what happened before.
BTC can target over 61K, but it will stays risky.
OXTUSDT.1DThe chart represents a daily time frame analysis of OXT/USDT (Orchid Protocol paired with US Dollar Tether) from June to early December 2024. My analysis begins by identifying a significant downtrend marked by the descending red trend line, termed R1, which highlights the resistance levels that have contained price movements since June.
Initially, the OXT price reached its high around mid-June at approximately $0.1190, and since then, it has been forming lower highs and lower lows, indicative of a bearish trend. The price tested the descending trend line in early August but failed to break through, confirming the strength of the resistance.
As of now, in early August, the price is attempting to stabilize above a support level, S1, marked at $0.0625. This support level is critical because it represents a previous price consolidation area from late July, suggesting it could be a potential reversal zone. However, if the price fails to sustain this level, it could fall towards the next support, S2, at $0.0535, which would align with the continuation of the existing bearish trend.
Looking at the technical indicators (not shown in the chart but typically used in such analysis), if the Relative Strength Index (RSI) is trending towards oversold conditions, and the Moving Average Convergence Divergence (MACD) shows a potential bullish crossover, it could indicate an impending bullish reversal or pullback.
To conclude, my current strategy would be cautious. I would monitor if the price can maintain above the S1 level and look for any bullish signals in the indicators to consider a long position. Otherwise, if the price breaks below S1, I would prepare for a potential short position, targeting the S2 as the next support level. As always, it’s crucial to place stop-loss orders to manage risk effectively in such volatile markets.
COMPUSDT.1DThis chart shows the daily price movements of COMP/USDT (Compound paired with US Dollar Tether) over several months into early 2025. Here's my technical analysis:
Trend Analysis
The price of COMP has been in a broad downtrend as indicated by the descending trendline, R1, which highlights the resistance levels. Since reaching a high in March, the price has consistently made lower highs and lower lows—a classic bearish trend.
Support and Resistance Levels
R1: The descending red line, currently around the $60 mark, has been a significant barrier. The price has tested this line multiple times without a successful breach, affirming its role as a key resistance level.
S1 ($41.48): This horizontal line acts as the immediate support where the price has found some stability in recent trading days. If this level holds, it might provide a base for COMP to potentially rally or at least stabilize.
S2 ($34.10) and S3 ($33.84): These are lower support levels that could come into play if S1 is breached. Given the proximity of S2 and S3, this area could be seen as a strong demand zone where significant buying might emerge.
Current Market Position
The price is currently trading around $48.99, just above S1. This suggests some immediate support, but given the downtrend, there's potential risk of further declines if S1 doesn't hold.
Trading Strategy
Considering the market's bearish bias, my approach would be cautious. If holding COMP, I would look for any sign of strength above S1 and potentially consider reducing exposure on any rally towards R1. If the price breaks below S1, I would watch for reactions at S2 and S3 for potential buying opportunities, as these levels might offer substantial support.
Conclusion
In conclusion, COMP exhibits bearish momentum with immediate support at S1. The strategy should be defensive, focusing on risk management. Any positions taken around support levels should have tight stop losses to guard against a breakdown below these points. As always, it's essential to adapt quickly to new information and market conditions that could affect this outlook.
ALCXUSDT.1DAnalyzing the daily chart of ALCX/USDT (Alchemix paired with US Dollar Tether), it is evident that the market has exhibited a significant bearish trend from May into August 2024. Here's a detailed breakdown of the technical analysis:
Trend Analysis
The chart illustrates a descending trend that was prevalent until recently, marked by the descending green trendline (S1). This line served as dynamic resistance, pushing the price lower. However, there's been a recent break above this trendline, suggesting a potential shift in market sentiment from bearish to neutral or mildly bullish.
Support and Resistance Levels
R1 ($17.18): This level is the first major resistance post the trendline break. It coincides with previous price reactions, indicating its significance.
R2 ($19.40): Above R1, R2 represents a higher historical reaction point which could serve as the next resistance if a bullish momentum is sustained.
S2 ($10.66): With the recent trendline break, S2 becomes a crucial support level if the market retraces. Its significance is underscored by being a recent low, making it a potential pivot point for further bullish or bearish moves.
Current Market Position
Currently, the price is around $14.84, which is above the broken trendline S1 and below R1. This position is crucial as it tests the newfound support level at the trendline.
Trading Strategy
Given the break of the trendline S1, there is potential for bullish movements. My strategy would involve watching the market response near R1 at $17.18. If the price consolidates or forms a bullish pattern below R1, I might consider a long position with a target at R1 and possibly extending to R2, setting a stop-loss just below the recent breakout point or S2 to manage risks.
Conclusion
The break above the trendline S1 indicates a possible change in the bearish momentum. It is crucial to monitor how the price behaves around R1 to confirm if the bullish sentiment is strong. Should the price fail to sustain above the trendline and fall back below, re-evaluating the bearish scenario would be necessary. This analysis highlights the importance of adaptable strategies in response to key technical levels and market movements.
DEGOUSDT.1DLooking at the daily chart for DEGO/USDT (Dego Finance paired with US Dollar Tether), several key technical indicators and trends stand out that guide my trading decisions:
Trend Analysis
The price of DEGO has been in a prolonged downtrend as indicated by the downward trajectory since May 2024. Recently, there was an attempt to reverse this trend as the price moved above the descending trendline S1, signaling a potential shift in market sentiment.
Support and Resistance Levels
R1 ($1.791) and R2 ($1.995): These levels act as immediate resistance zones. R1 is particularly important as it has recently been tested. R2, slightly higher, may serve as a secondary target if the price continues to rally.
S2 ($1.220): This level now acts as the key support after the recent upward movement. Its role will be crucial if there's a retracement in the price.
S3: Although not specifically marked with a price on this chart, it would typically be the next significant lower level below S2, possibly around previous lows.
Technical Indicators
MACD: The Moving Average Convergence Divergence is trending upward, with the histogram showing increased momentum which is a bullish signal.
RSI: The Relative Strength Index is near 62.74, suggesting that the asset is approaching overbought conditions but still has room for upward movement before becoming overly extended.
Current Market Position
The price at approximately $1.563 is above S2 but below R1. The recent spike in price and the position of the RSI and MACD suggest bullish momentum that could test R1 in the near future.
Trading Strategy
Given the current setup, my strategy would be cautiously bullish. I would consider taking a long position near the current levels with a tight stop loss just below S2, aiming for a target at R1. If R1 is broken with significant volume and confirmed by the MACD and RSI staying strong, extending the target to R2 might be viable. However, due to the volatile nature of DEGO, maintaining tight stop losses and re-evaluating positions frequently would be essential.
Conclusion
The chart presents a potential for short-term bullish action within a long-term bearish context. It's important to manage risk effectively, particularly in crypto assets like DEGO, which can exhibit high volatility. This analysis will need to be updated as the market develops, especially if new highs or lows are tested, or if the indicators show signs of reversal.
MDTUSDT.1DAnalyzing the daily chart of MDT/USDT (Measurable Data Token paired with US Dollar Tether), I note several key technical details and their implications on potential trading strategies:
Trend Analysis
The chart depicts an overarching bearish trend since April, with price peaks progressively declining. This downtrend was temporarily challenged by recent upward movements, but the price has yet to convincingly break the descending trendline (S1), which continues to act as dynamic resistance.
Support and Resistance Levels
R1 ($0.04800): This resistance level has been tested multiple times, most recently in early August. It's a crucial marker for any bullish reversal.
R2 ($0.05605): Slightly higher, R2 represents a significant historical resistance level. A break above R1 with substantial volume could see prices testing this higher resistance.
S2 ($0.03350): Currently acting as the nearest support. It's important because it held during the latest bearish momentum in July, suggesting a potential bounce-back point if retested.
Technical Indicators
MACD: The Moving Average Convergence Divergence is showing a slight bullish crossover, though the histogram is near zero, indicating a potential shift in momentum but with limited strength.
RSI: The Relative Strength Index is around 47.51, which is neutral. It neither suggests overbought nor oversold conditions, indicating a balance in buying and selling pressures.
Current Market Position
The price at around $0.04399 is slightly above S2 and below R1. The recent price action suggests a tentative recovery, but the ongoing pressure from the descending trendline (S1) and resistance at R1 caps upward movements.
Trading Strategy
Given the market's position, a cautious approach is warranted. Watching how the price behaves around the descending trendline S1 will be key. A breakout above this trendline with a clear close above R1 could signal a change in the prevailing bearish trend and might offer a buying opportunity with a target of R2, placing a stop-loss just below S2.
Conclusion
In summary, MDT exhibits signs of potential recovery within a broader bearish context. A conservative trading strategy would be to wait for a confirmed breakout above key resistance levels before entering long positions. Additionally, keeping an eye on the MACD and RSI for stronger bullish signals could help refine entry and exit points. As always, traders should be prepared to adjust their strategies based on evolving market conditions.