BITCOIN - Price can bounce up to $72500, exiting from wedgeHi 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 fell to support line, breaking $57900 level.
Then price in a short time ros to this level, broke it again, and made retest, after which continued to move up.
Later BTC rose to $65900 level, turned around, and declined lower support line, thereby exiting from rising channel.
After this, price continued to move up inside wedge, where it bounced from support line and rose to $65900 level.
Soon, price broke this level, and rose to resistance line, after which made a correction and now continues to grow.
In my mind, BTC can bounce up from support line to $72500, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
USDT-D
USDT depegged today but Why?About 12 hours ago, whale"0x3356" created a new address to deposit 52.52M USDC and borrowed 40M USDT on Aave and Compound then he started depositing 40M USDT into Coinbase and Kraken 6 hours ago, USDT started depegging after whale"0x3356" deposited USDT to exchanges
and whale"0x3356" withdrew 25M USDC from Coinbase 4 hours after depositing USDT.
then about 5 hours ago, 2 whales sold a total of 9.6M USDT at a similar time after USDT depegged, CZSamSun shorted USDT on AaveV2 4 hrs ago,Whale"0xd275" started to borrow USDC from Aave and Compound and buy USDT for arbitrage after CZSamSun shorted USDT
USDT started back to the peg, but due to multiple FUDs, whales keep dumping USDT
USDT further depegged..
pro traders trade coins
legends trade stable coins
HelenP. I Bitcoin will exit from pennant and then continue riseHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price traded below support 2, which coincided with the support zone and soon broke this level. Then price tried to grow more, but failed and dropped to the trend line, breaking support 2 one more time. After this movement, the price entered the pennant, where it made at once a strong impulse up, breaking support 2 again. Then price continued to move up and later reached support 1. Price some time traded near this level, then broke it and some time traded inside one more support zone. Next, BTC little grew and then dropped below 1st support level, breaking it again, but soon turned around and backed up to the support zone (68200 - 67700). After this, the price bounced down to the trend line, after which turned around and rebounded up to the resistance line of the pennant and now trying to exit from this pattern. So, in my mind, BTCUSDT will exit from the pennant, make a retest, and continue to move up. That's why I set my goal at 71000 points. If you like my analytics you may support me with your like/comment ❤️
ADA Caution!Considering cycle theories and assuming Altcoins - especially those from 2015-2017 - could be in different corrective phases than Bitcoin, investors could be in a big surprise for the next upcoming months. While Bitcoin is potentially in its last cycle (retail wave 5) before its first major correction, the older Altcoins are still in their wave 2 which results in a long exhaustive ABC phase and often corrects more than 50% of the first impulsive wave which would also coincide with the 1.618 Fib.
This would mean that alt-season - for the older big coins - is not here yet. Regarding their meteoric rises after more than 10k% the fundamentals need to catch up to overvalued prices, which takes time.
A lot of people are confused and complaining about the "blue chip coins" not going up, especially Cardano, while Market Makers play the long game and suppress Altcoin prices artificially, simply keeping them in a big trading range and in corrective mode till their first cycle ends and the next begins.
ADA e.g. shows striking resemblance to NEM (XEM) with a similar corrective structure and sits on long time life support. The more it pokes on it the more it's gonna get dangerous for the next breakdown to the 0.10-0.20$ region.
The Upcoming Collapse of USDT Theter - Thesis Binance and its CEO ‘CZ’ plead guilty to federal charges and agreed to pay $4.3B in fines.
But that`s not all!
The crypto market is facing increased scrutiny as part of an agreement between Binance's CEO, CZ, and the U.S. Securities and Exchange Commission (SEC).
This agreement grants the SEC unprecedented access to Binance's comprehensive records, shedding light on various transactions, fraudulent activities, and instances of price manipulation linked to tether, which significantly influenced the surge in Bitcoin's value.
Of particular interest to regulatory authorities is the revelation that CZ has agreed to provide the SEC with access to tether transactions, signaling a deeper investigation into the controversial stablecoin. Tether (USDT) has long been tethered to the value of the U.S. dollar, yet recent events have sparked concerns about its stability and transparency.
What makes this development particularly noteworthy is the emerging focus on tether by U.S. agencies, who seem to be strategically positioning themselves to potentially replace it with Central Bank Digital Currencies (CBDCs). Unlike stablecoins such as USDT, CBDCs are issued and regulated directly by the central bank of a country, eliminating reliance on private entities or community-driven initiatives.
As the SEC gains access to the intricate details of Binance's operations and tether transactions, the crypto community is left on edge, grappling with uncertainties regarding the future of stablecoins and their role in the broader financial landscape. The evolving narrative suggests a potential paradigm shift as regulatory bodies aim to instill confidence in the market through the adoption of government-backed digital currencies over privately issued stablecoins.
The SEC's focus extends beyond Binance to specifically target USDT, with the intention of replacing it with Central Bank Digital Currencies (CBDCs) to assert control over all transactions. This strategic move is seen as a prerequisite for potential approval of an ETF in the future. Notably, Binance has been implicated in facilitating transactions linked to terrorist groups, including Hamas' Al-Qassam Brigades, Palestinian Islamic Jihad, al-Qaida, and ISIS, as highlighted in a statement by Treasury Secretary Janet Yellen.
Looking forward to read your opinion about it!
HelenP. I Bitcoin will fall to trend line and then continue riseHi folks today I'm prepared for you BTCUSDT analytics. In this part, we can see how the price entered the support zone (65600 - 66150 points) and at once turned around and dropped to support 2, breaking support 1. Then, the price some time traded near this level and then started to grow. When BTC rose to 63950 points, it turned around and dropped until the trend line, breaking support 2, after which it started to grow. In a short time, the price broke 2nd support level and then continued to move up to 1st support level. When BTC reached this level, it some time traded near and then broke it, after which continued to grow, exiting from the support zone as well. After the price rose until to 69250 points, it turned around and quickly fell to the trend line, but a not long time ago price continued to grow. Therefore I expect that BTCUSDT will decline to the trend line again and then continue to move up. For this case, I set my goal at 69500 points. If you like my analytics you may support me with your like/comment ❤️
KASPA - IT'S ABOUT TIME TO MOVE IN UPTREND (TA + TRADE PLAN)Timeframe: 4-hour chart
Current Price: $0.133
Rising Wedge Formation:
Resistance Line: The upper green line represents the resistance level, which is slightly inclining upwards.
Support Line: The lower green line forms the support for this wedge. This support level is also inclined upward but at a slightly steeper angle than the resistance.
Pattern Interpretation: The rising wedge pattern, as observed in the chart, is typically a bearish reversal pattern. However, given the overall crypto market volatility, a breakout in either direction is possible.
Bearish Scenario: A breakdown below the support level would confirm a bearish trend, potentially leading to lower lows.
Bullish Scenario: If the price breaks above the resistance, it could invalidate the wedge pattern and indicate a bullish breakout.
VMC Cipher B Indicator:
This oscillator shows wave momentum, with the darker blue shading indicating downward momentum at present.
Current Signal: Mixed with a potential trend shift. A continuation of negative momentum would reinforce the bearish wedge breakdown scenario.
RSL (Relative Strength Level) Indicator:
The current RSL value is 51.83, indicating neutral territory. This suggests no strong trend is currently dominating but could indicate either upward or downward movement depending on further price action.
Stochastic Indicator:
Stochastic RSI stands at 41.60, which is in the lower-mid range, signaling the asset is neither oversold nor overbought. This neutral stance suggests a wait-and-see scenario for the breakout.
HMA (Hull Moving Average):
The Hull Moving Average histograms are slightly positive, showing marginal bullishness. However, the movement is not aggressive enough to signal a strong upward trend as of now.
Key Levels:
Resistance: Around $0.135 - $0.138
Support: Approximately $0.131 - $0.130
Psychological Support: The $0.130 zone is a critical psychological support. Breaking below this would signal a more significant sell-off.
Indicators Summary:
Momentum: Slightly negative to neutral (VMC Cipher B).
Strength: Neutral, with room for movement either way (RSL 51.83).
Stochastic RSI: Suggests no strong overbought or oversold signals (41.60).
Trading Plan:
Scenario 1: Bullish Breakout
Entry: If the price breaks and sustains above $0.135, it indicates a bullish breakout from the rising wedge.
Take Profit 1 (TP1): $0.145 (first resistance level).
Take Profit 2 (TP2): $0.155 (potential swing high).
Stop-Loss: Set a stop-loss just below the wedge’s lower support at $0.130 to manage risk.
Scenario 2: Bearish Breakdown
Entry: If the price breaks below the support at $0.130, it signals a bearish move.
Take Profit 1 (TP1): $0.125 (first support level).
Take Profit 2 (TP2): $0.115 (next significant support).
Stop-Loss: Place a stop-loss above the wedge's upper resistance at $0.135.
Risk Management:
For both bullish and bearish setups, adhere to a risk-reward ratio of 1:2.
Adjust stop-loss and take-profit based on market volatility and personal risk tolerance.
The rising wedge pattern indicates caution, as it is historically a bearish reversal formation. However, confirmation of either a bullish breakout or bearish breakdown will guide trading decisions. Momentum indicators and oscillators suggest neutrality, indicating that this wedge could break either way soon. Traders should remain vigilant for confirmation signals and place stop-losses to protect against unexpected volatility.
Bitcoin can rebound up from pennant to 71K pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price rose to the current support level, which coincided with the support zone. After it reached this level, it some time traded near and even entered the support area, but then dropped to the buyer zone. Also, the price started to trades inside the pennant, where later, BTC rebounded from the buyer zone and started to grow. Soon, the price turned around and made a correction movement to support line of the pennant. After this, BTC turned around and made impulse up, making a fake breakout of the 60800 level. In a short time later, the price reached the current support level, broke it, and made a retest. Then it continued to grow until reached the resistance line of the pennant, after which, a not long time ago, it rolled down. So, at the moment, I think that the price can decline to support line and then rebound up, exiting from the pennant pattern. After this, I think BTC can continue to grow, for this case, I set my TP at 71000 points. Please share this idea with your friends and click Boost 🚀
Bitcoin will break support level and continue to fall to 61800Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days reached the support level, which coincided with the buyer zone, but at once rebounded and declined a little below. After this movement, the price started to grow inside an upward channel, where it soon reached the 59000 level and broke it. Next, the price made a correction to the buyer zone and then continued to move up to the channel's resistance line, which coincided with the current support level and then turned around. BTC corrected the 59000 level, after which it rebounded and in a short time rose back to the 66300 level and some time traded near. Soon, the price broke this level and rose almost to the channel's resistance line, but recently it turned around and dropped to the support level, which continues to trade very close. In my opinion, the price can make a small move up and then continue to decline to support line of the upward channel, breaking the support level. That's why I set my TP at 61800 points. Please share this idea with your friends and click Boost 🚀
BTC/USD - Potential Long Opportunity at Green Support ZoneBTC has broken through the current support level. My target is the green support zone below, where I expect buyers to return. If the price reaches this area, it could present a strong opportunity to enter a long position with confirmation. Watching closely for a signal to enter long.
HARMONY ONE TECHNICAL ANALYSIS AND TRADE PLANE BY BFTechnical Analysis (4-hour chart) + TRADE PLAN by BF
Pattern Identification:
Falling Wedge Formation: The price is moving inside a falling wedge, typically considered a bullish reversal pattern. The wedge has defined support and resistance lines converging as the price moves downward, indicating potential upcoming breakout to the upside.
Key Support and Resistance Levels:
Support Level: Around $0.01287, highlighted as a solid base where buyers have historically stepped in.
Resistance Level: Around $0.01528, marking a level where sellers may become more aggressive. This is a significant target if the wedge breaks to the upside.
Volume Analysis:
The volume seems to have been decreasing as the price has been moving within the wedge, which is common before a breakout. A surge in volume will be a strong confirmation of any potential breakout.
Indicators:
VMC Cipher_B Divergences: There are green dots visible at the bottom, indicating possible bullish divergences. These divergences suggest price momentum weakening on the downside, aligning with the falling wedge’s bullish potential.
RSL (Relative Strength Level): The current value is 38.54, below the neutral 50 mark, which indicates bearish momentum. However, it's near the oversold territory, and any uptick from here could support a reversal.
Stochastic RSI: At 5.65/8.79, indicating that the asset is in an oversold condition. This adds to the potential for a bullish reversal once the stochastic begins to turn upwards.
HMA+ Histogram: The current histogram shows a shift toward a neutral or slightly bullish sentiment. The transition from red to green would be a strong indicator to enter long positions.
Time and Potential Breakout Catalyst:
There is a clock icon indicating a potential timing window, which may suggest that the breakout could be imminent. The combination of indicators and the falling wedge pattern suggests that a bullish move could be expected soon.
Trading Plan:
Long Scenario:
Entry Point: A breakout above the wedge's resistance line and a confirmation above $0.01365 with a strong increase in volume.
First Target: $0.01528 (immediate resistance level). This would likely be a conservative target as it corresponds to previous highs and the upper boundary of the range.
Second Target: If the momentum continues strongly, the price could test the next level near $0.01600.
Stop Loss: Place a stop loss below the current support at around $0.01250, to limit downside risk in case of a false breakout.
Short Scenario (Alternative if Breakout Fails):
Entry Point: If price breaks down below $0.01287 and volume increases on the downside.
Target: Look for a decline towards $0.01200, which is a psychological round number and could act as support in a bearish scenario.
Stop Loss: Above $0.01350, as a recovery above this level could negate the bearish breakdown.
Risk Management:
Risk no more than 1-2% of your trading capital per trade.
Wait for clear confirmations such as volume spikes or candlestick pattern validation before entering trades.
Harmony (ONE) is showing signs of potential bullish reversal with the falling wedge pattern supported by multiple indicators pointing towards oversold conditions. However, waiting for a breakout confirmation is essential before entering long positions. Proper risk management and trade discipline should be applied to navigate potential volatility.
HelenP. I Bitcoin can continue to gorw inside upward channelHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to support 1, which coincided with the support zone and then started to decline. In a short time, BTC fell to support 2, which coincided with one more support zone and some time traded inside. Then, BTC tried to grow, but failed and dropped to the trend line, breaking support 2. After this, the price started to grow inside the upward channel, where it soon broke the 2nd support level again, made the correction, and later rose to support 1. When BTC reached this level, it broke it and rose to the channel's resistance line. After which price turned around and made a small correction to the support zone and then continued to move up in an upward channel. But a not long time ago price almost fell to the trend line, therefore I expect that BTCUSDT will decline a little more, and then continue to grow, thereby making a fake breakout of the channel. That's why I set my goal at 71400 points. If you like my analytics you may support me with your like/comment ❤️
GOATSEUS MAXIMUS - CONSOLIDATION BEFORE EXPLOSION TO THE TOP 100Technical Analysis for GOATSEUS MAXIMUS (GOATUSDT) + TRADE PLAN
Overview and Price Movement:
Current Price: $0.3180 (according to the chart).
Price Range: The price has fluctuated between a low of $0.2571 and a high of $0.3800 within the observed time frame.
Volume: Significant trading volume is noted, with a recent surge reaching 6.703M, suggesting rising interest and liquidity.
Descending Trading Channel:
The chart shows a descending trading channel, with price consistently testing the lower and upper bounds.
Resistance Level: The upper trendline of the descending channel represents a resistance level where the price has struggled to break through.
Support Level: The lower boundary of the descending channel serves as a support level, and the price has bounced back multiple times from this level.
Breakout Potential:
There is an indication of a potential breakout. The price has recently tested the upper trendline and is approaching a critical resistance level. The illustrated expectation suggests that the price may break out of the channel.
Time-sensitive breakout: The chart suggests that a breakout might occur shortly, as highlighted by the visual cues (alarm clock).
Indicators Analysis:
VMC Cipher B: Displays divergences, which are often early signals of potential trend reversals. In this case, the indicator suggests a weakening downward momentum.
RSI: Currently at 49.61, which indicates a neutral zone. It implies that the asset is neither overbought nor oversold, giving room for potential upward momentum after a breakout.
Stochastic RSI: Currently at 22.83, which is in the oversold zone. This reinforces the potential for a bullish reversal in the near term.
Hull Moving Average (HMA): The HMA is smoothing out the price movements, but its current position supports the possibility of a breakout from the channel in the next few candles.
Trading Plan for GOATUSDT
Entry Strategy:
Aggressive Entry: Enter at the current price ($0.3180) with the expectation of a breakout. This strategy capitalizes on momentum.
Conservative Entry: Wait for a confirmed breakout above the resistance level of the descending channel (around $0.3800) with a 4-hour candle close above this level.
Stop-Loss Placement:
Place a stop-loss below the support level of the descending channel (around $0.2570), as a breakdown below this level would invalidate the bullish thesis.
A tight stop-loss can be placed at around $0.2900 to manage risk more conservatively in case of a false breakout.
Profit Targets:
First target: If the breakout occurs, aim for the first profit target near $0.5000, as psychological resistance tends to form around these round figures.
Second target: A more extended target can be placed around $0.7000, which could be reached in a strong bullish continuation.
Risk Management:
Risk no more than 1-2% of your capital on this trade to ensure proper risk management.
Adjust the position size according to the stop-loss and entry level.
Time Horizon:
Short to medium term, with a breakout expected within the next few trading sessions (as highlighted by the chart's time-sensitive breakout indicator).
Continuously monitor the chart for any invalidations of the descending channel breakout.
Potential Risks:
False breakout: Be cautious of a possible fake breakout where the price might briefly cross above resistance but then fall back into the channel.
Market Sentiment:
Cryptocurrency markets can be volatile, and any broader market movements (such as Bitcoin price changes) could impact this analysis.
Conclusion:
The GOATSEUS MAXIMUS (GOATUSDT) price is positioned at a potential breakout zone, with several indicators showing early signs of a reversal. A well-structured trading plan that includes careful risk management and flexible profit targets is essential to maximize the potential of this trade. Always consider broader market conditions and adjust the plan accordingly.
BITCOIN ON ITS WAY UP TO ATH. TECHNICAL ANALYSIS + TRADE PLAN Technical Analysis + TRADE PLAN by Blaž Fabjan.
The image highlights an ascending triangle pattern. This is generally a bullish continuation pattern, especially if formed after an uptrend (as indicated in the chart).
The price is consolidating near the resistance level, and a breakout is expected.
Resistance and Support Levels:
Resistance at $73,655.67: This is the key area the price needs to break above for a significant upward move.
Support levels are marked at $68,556.87 and lower at $66,333.98.
Price is currently hovering around $69,000.
Indicators:
VMC Cipher B: There are divergence signals, which often hint at potential reversals or strong continuation. The current setting shows a neutral position, but the past few signals indicate potential upward momentum.
RSI (14): Currently at 67.42, close to the overbought zone (70). This suggests momentum but also indicates that caution should be exercised as it approaches overbought conditions.
Stochastic RSI (14): Shows a reading of 72.43, also close to the overbought region. This is a confirming signal for potential bullishness but requires monitoring to avoid overextension.
HMA Histogram: Shows bullish momentum (green) but with signs of weakening. This is typical before a breakout but worth monitoring.
Volume:
The volume remains neutral but could spike during the breakout above the resistance zone, further confirming the pattern.
Trading Plan:
Entry Strategy:
Aggressive traders: Could consider entering a long position now, given the ascending triangle pattern and anticipation of a breakout.
Conservative traders: Wait for a clear breakout above the resistance level at $73,655.67, confirmed by higher volume. Enter long on a retest of this breakout zone.
Stop-Loss Placement:
Place the stop-loss just below the support level at $68,556.87, or slightly lower to $66,333.98 for more conservative risk management.
This will protect against any false breakout or trend reversal.
Target Levels:
First target: $74,000-$75,000 region (as indicated in the image by the upper blue line). This would correspond with a clean breakout.
Second target: If momentum continues, aim for $78,000 - $80,000, which is the next major psychological resistance level.
Risk-Reward Ratio:
Ideally, maintain a risk-reward ratio of 1:3 or higher. For example, risking 1,000 points for a potential reward of 3,000 points, depending on your entry and stop-loss placements.
Exit Strategy:
Partial Profit-Taking: Consider taking partial profits at the first target to lock in gains, moving the stop-loss to breakeven to secure the trade.
Full Exit: Close the position if price action significantly retraces back into the triangle or breaks below support zones.
If the trade reaches the second target zone ($78,000-$80,000), consider a full exit.
Risk Management:
Limit the position size to avoid overexposure. Risk no more than 2-3% of your portfolio per trade.
Use trailing stops to capture more profit as the price moves in your favor.
Market Sentiment and Confirmation:
The ascending triangle and technical indicators are leaning bullish. However, confirming volume on the breakout is essential to avoid false breakouts.
Global economic factors and BTC news should also be considered for additional confirmation, particularly around major support/resistance levels.
By following this trading plan and being mindful of the market conditions, you can take advantage of a potential bullish breakout while maintaining proper risk management.
usdt , usdt dominance, usdt.d Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain.
HelenP. I Bitcoin will fall to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some days ago, the price declined almost to support 2 but soon turned around and started to grow. In a short time, BTC rose to support 1, which coincided with the current support zone, and some time traded near, after which it dropped to support 2. When the price fell, it broke the 62000 support level and some time traded below, after which it quickly rose back and trades higher. Later price broke support 2 again and fell to the trend line, after which it turned around and started to move up. Soon, the price reached support 2, broke it, and then made a correction to the trend line, after which rebounded and continued to move up. Later BTC reached support 1, broke it, and rose one more, but a not long time ago it turned around and started to decline. So, in my mind, BTCUSDT will fall to the trend line, which is located inside the support zone, and then continue to move up. For this case, I set my goal at 69000 points. If you like my analytics you may support me with your like/comment ❤️
BTC: MACD Signals Aligning for a Potential Buying OpportunityLooking at several factors in parallel, BTC’s MACD is showing promising signs. The fast-moving average has started to curl up, suggesting a possible bullish cross above the slower line—typically a strong buy signal. The histogram has also been in the red for several weeks but is now curling upward, and we could be looking at our first green week.
However, the lack of a significant volume increase means there’s no clear confirmation of a trend reversal just yet, and we aren’t seeing the momentum required for new higher highs or all-time highs. But if these signals continue to align, this could turn into a fantastic buying opportunity.
The question is: will you take buying or selling actions based on these signals?
LTC: Leading the Market with Doge, But Awaiting a Key BreakoutLTC is showing strong performance compared to many other coins in the market, with Doge following a similar trend. In the purple box, we can clearly see a breakout from the short-term trendline, signaling some positive momentum. However, for a full trend reversal, we need a decisive break of the longer yellow trendline, which may take more time.
The Hurst cycles at the bottom (illustrated by the semicircles) show that LTC’s up-and-down movement is following a consistent pulse. If we do see a break of the upper yellow trendline, the next target could be marginally new all-time highs, though that won’t likely happen for some time yet.
XRP – 15-Min Time Frame Breakout SetupI'm currently watching XRP on the 15-minute timeframe as it approaches the pink resistance level. If we get a breakout above this resistance, my target will be the grey zone, which I’ve identified as a resistance level for potential profit-taking.
Strategy: I’ll monitor the price action closely. Once the breakout is confirmed, I’ll aim for the grey zone as my next target to reduce the position or take profit.