The Coin Market is Different from the Stock Market
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The coin market discloses a lot of information compared to the stock market.
Among them, it discloses the flow of funds.
Most of the funds in the coin market are flowing in through USDT, and it can be said that it currently manages the largest amount of funds.
Therefore, unlike the stock market, individual investors can also roughly know the flow of funds.
Therefore, you can see that it is more transparent than other investment markets.
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USDT continues to update its ATH.
You can see that funds are continuously flowing into the coin market through USDT.
USDC has been falling since July 22 and has not yet recovered.
The important support and resistance level of USDC is 26.525B.
Therefore, if it is maintained above 26.525B, I think there is a high possibility that funds will flow in.
If you look at the fund size of USDT and USDC, you can see that USDT is more than twice as high.
Therefore, it can be said that USDT is the fund that has a big influence on the coin market.
USDC is likely to be composed of US funds.
Therefore, if more funds flow in through USDC, I think the coin market is likely to develop into a clearer investment market.
But it is not all good.
This is because the more the coin market develops into a clearer investment market, the more likely it is to be affected by the existing investment market, that is, the watch market.
This is because large investment companies are working to link the coin market with the coin market in order to make the coin market an investment product that they can operate.
In order for the coin market to be swayed by the coin-related investment product launched in the stock market, more funds must flow into the coin market through USDC.
Otherwise, it is highly likely that it will eventually be swayed by the flow of USDT funds.
Therefore, USDC is likely to have a short-term influence on the coin market at present.
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As mentioned above, the most important thing in the investment market is the flow of funds.
The flow of funds in the coin market can be seen as maintaining an upward trend.
Therefore, there are more and more people who say that there are signs of a major bear market these days, but their position seems to be judging the situation from a global perspective and political perspective.
As mentioned above, the funds that still dominate the coin market are USDT funds, which are an unspecified number of funds.
Therefore, I think that the coin market should not be predicted based on global perspectives and political situations.
The start of the major bear market in the coin market is when USDT starts to show a gap downtrend.
Until then, I dare say that the coin market is likely to maintain its current uptrend.
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(BTCUSDT 1D chart)
The StochRSI indicator is approaching its highest point (100), and the uptrend is reaching its peak.
Accordingly, the pressure to decline will increase over time.
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(1W chart)
The StochRSI indicator is also in the overbought zone on the 1W chart.
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(1M chart)
On the 1M chart, the StochRSI indicator is showing signs of entering the overbought zone, but it is not expected to enter the oversold zone due to the current rise.
The movement of the 1M chart should be checked again when a new candle is created.
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You can see that the StochRSI indicator on the 1M chart is the most unusual among the three charts above.
In the finger area on the 1M chart, the StochRSI indicator was in the overbought zone, but it is currently showing signs of entering the oversold zone.
Therefore, you can see that the current movement is different from the past movement.
Therefore, I think it is not right to predict the current flow by substituting past dates.
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I wrote down my thoughts on the recent comments from famous people who say that the coin market will enter a major bear market along with the stock market.
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Have a good time. Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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USDT-D
$USDT Dominance BREAKS OUT of 232 Day Parallel ChannelCRYPTOCAP:USDT Dominance has broken out and Closed below its 232 Day Parallel Channel.
Expecting a test on the 200DMA.
Once that breaks, and we get the Death-Cross, CRYPTO GOES PARABOLIC
I’ll post a full breakdown of the Weekly Close on Sunday.
End of cycle target will be 2.5%
HelenP. I Bitcoin can make retest and then continue to growHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago BTC dropped lower than support 2, which coincided with the support zone, but soon turned around and made a strong impulse up. BTC reached support 1 and then some time traded near, even entering to one more support zone. Later, when the price entered the support zone a third try, it broke support 1 and rose until to the trend line, after which turned around and dropped to support 2, breaking support 1 again. Also, the price started to trades inside consolidation, where it some time traded near support 2 and then rose to support 1. But then BTC at once dropped to the support zone, after which it turned around and made a strong impulse up, breaking support 1 and exiting from consolidation. Also, it broke the trend line recently, and now continues to move up, so, I expect that BTCUSDT will make a retest of the trend line and then continue to grow. For this case, I set my goal at 66400 points. If you like my analytics you may support me with your like/comment ❤️
Harmony one is going up! Technical analysis + trade plan by BFChart Overview
Timeframe: 4-hour (Binance Exchange)
Price as of Analysis: $0.01346
Volume: 3.744 million ONE
Formation: Falling Wedge pattern
Chart Patterns and Indicators:
Falling Wedge:
A falling wedge pattern is typically a bullish reversal pattern, indicating that the current downward trend is weakening and a potential breakout to the upside could follow.
The narrowing of price action shows a decline in both support and resistance levels, with lower highs and lower lows.
The breakout is anticipated above the wedge resistance, potentially marking the beginning of an uptrend.
The VMC Cipher B indicator is similar to the MACD and shows signs of bullish divergence, meaning that while the price has been declining, momentum is building for a potential reversal.
The RSI is hovering around 50.25, which is neutral but can indicate momentum is shifting. If RSI starts increasing above 55, it will confirm bullish momentum.
Stochastic Oscillator is currently at 35.30, this shows the asset is near the oversold zone but still in neutral territory. A move above 40 may confirm a bullish trend reversal.
The HMA histogram shows early signs of turning bullish as the color changes and bars are in the process of shifting positive.
Volume has decreased over the wedge formation, which is typical of such patterns. An increase in volume after the breakout will serve as confirmation for a stronger upward move.
Potential Price Targets:
Immediate Resistance: $0.01360 - This is the wedge resistance. A breakout above this level confirms the pattern.
First Target: $0.01550 - Based on previous price levels, this area is the next resistance once the breakout occurs.
Second Target: $0.01750 - This aligns with the previous significant high and could be a target after the first resistance.
Risk Factors:
Stop-Loss: It’s crucial to place a stop-loss below $0.01200 (below the previous support levels) to manage risk in case of a false breakout.
Volume Confirmation: Ensure that the breakout occurs with significant volume, as low-volume breakouts may lead to a reversal back into the wedge.
Trading Plan
1. Entry:
Enter a long position after a confirmed breakout above the $0.01360 resistance with strong volume confirmation. A 4-hour candle close above this level should confirm the breakout.
2. Stop-Loss:
Place a stop-loss slightly below $0.01200 to manage the downside risk in case the falling wedge pattern fails and the price reverses.
3. Profit Targets:
First Target: Set a take-profit around $0.01550 to capture the first major move after the breakout.
Second Target: For those with a higher risk appetite, target $0.01750, which aligns with the next resistance.
4. Position Size:
Risk only 1-2% of your trading capital on this trade. Given the potential volatility and the falling wedge pattern, it's essential to manage position size conservatively.
5. Monitoring:
Keep an eye on the volume and the RSI/Stochastic Oscillator. If RSI rises above 55 and Stochastic confirms the upward movement, the breakout should gain more strength.
Monitor for any potential fake breakouts. If the price fails to close above the resistance on the 4-hour chart, consider delaying the entry until clear confirmation is given.
The Harmony (ONE/USDT) chart is showing a potentially bullish falling wedge formation, indicating that a reversal from the recent downtrend could occur soon. A breakout above $0.01360 with confirmed volume is crucial for confirming the uptrend. If confirmed, Harmony could target $0.01550 and $0.01750 in the near term, but it's important to employ tight risk management through proper stop-loss placement.
Goatseus Maximus NO.1 MEME FOR THIS BULLRUN (TA+TRADE PLAN)TECHNICAL ANALYSIS + TRADE PLAN BY BLAŽ FABJAN
WHY GOATSEUS MAXIMUS IS THE NO.1 MEMECOIN OF THIS BULLRUN:
🚀🚀 GOATSEUS MAXIMUS IS THE NEXT MEMECOIN MOONSHOT! 🚀🚀
Massive Hype: With a loyal community backing and meme-driven momentum, Goatseus Maximus is poised to take over the meme-coin space!
Bullish Sentiment: The charts don’t lie! All technical indicators are showing a solid upward trend, making it the perfect time to jump in and ride the wave to MAXIMUM PROFITS!
Potential for Explosive Gains: At just $0.2375, this memecoin is undervalued but ready to explode with the next wave of FOMO. Get in before it’s too late!
Market Pair: GOATUSDT (BitMart Exchange)
Price Action: Goatseus Maximus (GOATUSDT) is currently trading at $0.2375, experiencing an 8.34% drop from a recent high of $0.2997.
Volume: 289.336K USDT, signaling a potential increase in interest.
Price Pattern:
An upward trading channel is forming on the 4-hour chart. The price is bouncing between support and resistance within this channel, with clear upward momentum indicating the possibility of a breakout. The candlesticks suggest higher lows, indicating bullish sentiment is gradually building up.
Price Projections:
Immediate Resistance: $0.300 (key psychological and technical level)
Support Level: $0.200 (within the lower bounds of the trading channel)
Upside Targets: Should the breakout occur, the next target price could be $0.400 - $0.450, as indicated by the overall upward trajectory in the trading channel.
Trading Plan:
Entry Strategy:
Consider entering a long position at $0.240 - $0.250 range, ensuring the price stays within the bullish channel.
Place stop-loss below the $0.200 support level to protect against sudden market downturns.
Profit Targets:
First Take-Profit (TP1): $0.300, capturing gains at the upper resistance of the current channel.
Second Take-Profit (TP2): $0.400 - $0.450, based on expected bullish breakout beyond the channel, leveraging strong momentum.
Risk Management:
Risk no more than 5% of your capital on this trade.
Maintain a 1:3 risk-reward ratio, meaning for every $1 risked, expect $3 in profit if the trade plays out as anticipated.
Prepare for an epic ride to the moon! 🌕
KASPA IS GOING UP SOON! TA + TRADE PLAN BY BFSymmetrical Triangle Pattern:
In the image, a symmetrical triangle has formed on the KAS/USD chart, indicating a period of consolidation. This pattern suggests that neither the bulls nor the bears are in control, and a breakout could occur in either direction.
Resistance is shown as the upper trendline, which has seen multiple rejections of price moving higher.
Support is established by the lower trendline, providing a floor for price movements.
Price Action:
The current price is hovering near the lower support of the triangle ($0.135) after testing the resistance level.
A bounce from this level could push the price towards the upper boundary of the triangle.
Once price consolidates further within the triangle, a breakout is expected.
Indicators:
VMC Cipher B (Volatility and Momentum): Shows that momentum has been fluctuating within this consolidation period. The indicator reveals divergences, which could signal potential reversals or trend continuations.
RSI (Relative Strength Index): Currently around 45, suggesting the market is in a neutral state. There is no immediate overbought or oversold signal, which aligns with the symmetrical triangle's nature.
Stochastic Oscillator: The Stochastic (shown in the lower panel) is just emerging from oversold conditions, indicating the possibility of an upward movement, aligning with the expectation of a potential upward breakout.
Volume Analysis:
Though volume data is not provided in the chart, typically, symmetrical triangles see decreasing volume during consolidation and a spike in volume at the breakout.
Professional Trading Plan
Entry Strategy:
Aggressive Entry: Buy near the lower trendline support (~$0.130 - $0.135). This provides an optimal risk-reward setup, as the price could potentially rebound from this area.
Conservative Entry: Wait for a confirmed breakout from the triangle's resistance or support with increased volume. If the price breaks above $0.140 with strong momentum, initiate a long position. For bearish confirmation, if it breaks below $0.125, consider shorting.
Exit Strategy:
Profit Target for Bullish Breakout: Measure the height of the triangle and project that onto the breakout point. The expected upward price target is approximately $0.155 to $0.160.
Profit Target for Bearish Breakout: If the triangle breaks downward, a short position target could be $0.120 to $0.115.
Stop Loss:
For a Long Position: Place a stop loss slightly below the support trendline (around $0.125). This minimizes risk if the price breaks below the triangle.
For a Short Position: Place a stop loss slightly above the resistance trendline (around $0.142). This minimizes risk if the price breaks upward unexpectedly.
Risk Management:
Always keep a risk-reward ratio of at least 1:2. Risking 1% of your capital should aim to generate a 2% or higher return.
Adjust position sizes according to account size and overall risk tolerance.
Monitoring:
Keep an eye on the RSI and Stochastic Oscillator for further confirmation of price movement.
Volume is critical; a breakout without volume may lead to false signals.
Regularly monitor any news events or major market movements that could impact cryptocurrency sentiment.
Conclusion:
Bullish Scenario: If KAS/USD successfully breaks through the resistance line, there is strong potential for a continuation to the $0.155 range.
Bearish Scenario: If the support breaks, a downward move towards $0.120 is possible.
This trading plan provides a structured approach, balancing risk and reward effectively while following the chart's technical setup.
Bitcoin is going up, short consolidation phase TA+TRADE PLANBitcoin's price action against USDT on a 1-hour timeframe with several technical indicators and key levels. Here is my technical analysis + trade plan by Blaž Fabjan
Ascending & Descending Trading Channels:
The price is moving between ascending and descending channels. This can indicate phases of higher highs and higher lows (ascending) followed by lower highs and lower lows (descending), which often signals periods of short-term consolidation or corrections.
Resistance Levels:
Multiple resistances are clearly marked on the chart around the price of $68,556.87 and $67,000. The price has struggled to break above these levels multiple times, making it a critical zone to watch for future price action.
Support Levels:
Support is visible around $61,758.48 and $60,301.68, representing strong areas where the price previously rebounded. These levels are essential for managing downside risk.
Consolidation Phase:
The price appears to be consolidating after rejecting the upper resistance line. This phase suggests market indecision or preparation for a breakout.
VMC Cipher_B Divergences:
Divergences in this indicator show potential weakening of the bullish trend, which could signal a pullback. The green and red dots suggest possible points of reversal, important for catching trend changes.
RSI (Relative Strength Index):
RSI is at 52.96, indicating the market is neutral but slightly leaning toward the bullish side. If RSI breaks above 70, this could signal overbought conditions, while a drop below 30 would indicate oversold.
Stochastic Oscillator:
Currently in the oversold region (18.22), indicating a possible upward reversal soon. This could hint at a short-term bullish move.
HMA (Hull Moving Average) Histogram:
The HMA is showing a mixed trend, but the upward slope hints at mild bullish momentum that needs confirmation from price action or volume spikes.
Trading Plan
Entry Points:
Long Position: Look for a breakout above $67,000 or $68,556.87, especially with strong volume confirming the upward move. You could set a buy stop order slightly above these levels to capture the momentum.
Short Position: If the price rejects resistance and breaks below $64,500 (the recent low), this could indicate a further decline toward support levels around $61,758.48 or lower.
Stop-Loss:
For long trades, place stop-losses just below $64,500 to minimize risk in case of a fake breakout or false bullish signal.
For short trades, place stop-losses above $67,000, as a break above this could invalidate the bearish trend.
Profit Targets:
Upside Targets: First target is around $70,000 (a psychological round number and historical resistance), followed by $71,000.
Downside Targets: The initial target for a short would be $61,758.48. A break below could see prices test $60,301.68, the lower boundary of this channel.
Risk-Reward Ratio:
Ensure that any trade maintains a risk-reward ratio of at least 1:2. For instance, if you risk $1,000, you should aim for a reward of $2,000.
Additional Confirmation:
Wait for additional signals, such as volume spikes or confirmation from indicators like RSI or Stochastic, before entering a position. The market could continue to consolidate before choosing a direction.
Time Horizon:
Given that this is an hourly chart, these trades are more suited for short-term to medium-term traders. Ensure to adjust your stops and targets as the market evolves, and check for any upcoming fundamental events (like economic news or regulatory updates) that could impact Bitcoin's price.
By following this plan, you can manage your trades effectively, balancing risk and reward while being prepared for both bullish and bearish scenarios.
Bitcoin will exit from pennant and continue to fall to 59KHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to wedge, where it at once rebounded from the resistance line and fell to the support line, breaking the support level. After this movement, BTC started to grow and soon reached 57600, which coincided with the support area, broke it, and made a retest. Then it a little, after which made a correction to the support level and then made an impulse up to the resistance line of the wedge, which coincided with the 64000 level with the seller zone. Bitcoin some time traded near this level and later broke it, after which even exited from the wedge, but then it started to decline inside the downward pennant. Later price broke the 64000 level and dropped to the support line of the wedge, turned around and in a short time rose to the resistance level, but a not long time ago it turned around and fell to the support line. Now, the price trades near this line and I think it can rise a little and then continue to decline, thereby exiting from the pennant. For this case, I set my TP at 59000 points. Please share this idea with your friends and click Boost 🚀
Bitcoin can exit from triangle and continue to declineHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a few moments ago entered a downward pennant, where it soon declined to the resistance level, which coincided with the seller zone and broke it. Then the price dropped to the support level, and even later entered the buyer zone, where it reached the support line and at once turned around and started to grow. In a short time later BTC reached the resistance line of the pennant, exited, and then made the correction. After this, the price rose to the 63300 resistance level, broke it, and even rose higher than the seller zone, but soon turned around and started to decline inside the downward triangle. Price broke the 63300 level and fell to the support level, where some time traded near and later dropped to the support line of the triangle. Soon, BTC turned around and broke the support level one more time and grew to a resistance level, but a not long time ago it turned around and fell to the support line of the triangle. So, in my opinion, BTC can rise a little and then rebound down, thereby exiting from the triangle. Also then it can continue to decline, therefore I set my TP at 61200 points. Please share this idea with your friends and click Boost 🚀
VELAS is ready to fly (Alex Alexandrow is back)🚀 VELAS: The Future of Blockchain! 🚀
NOW is the time to act on VELAS ( LSE:VLX )! With the return of Alex Alexandrow, a pivotal figure in the Velas ecosystem, the project is re-energized, and bullish momentum is about to take off. This is your chance to get in at the right time before Velas rockets up. The chart shows a clear bullish reversal pattern, signaling a massive breakout potential! The clock is ticking, be part of the next wave in crypto!
Technical Analysis of VELAS ( LSE:VLX ) by Blaž Fabjan
The 1-hour chart of VELAS shows the formation of a classic falling wedge pattern, which is a well-known bullish reversal signal.
Here's a detailed breakdown:
Falling Wedge: Bullish Reversal
Support and Resistance: The wedge pattern is narrowing, indicating that the price has been consolidating, building pressure for a breakout.
Breakout Imminent: As the price has broken out of the wedge, this confirms a potential bullish reversal. Expect upward momentum in the near future.
Technical Indicators
VMC Cipher B (Volatility & Momentum):
The indicator shows signs of divergence, with momentum shifting towards bullish territory. Expect increased buying pressure soon.
Look for key bullish signals like green dots or a shift in the oscillator for confirmation.
RSI (Relative Strength Index):
RSI is hovering around 44.7, indicating that the asset is neutral but leaning towards an oversold condition. This suggests the price is ready to rise as momentum builds.
Stochastic Oscillator:
The stochastic is bouncing from a low of 47, indicating that bullish momentum is starting to pick up. Crossovers here signal a potential upward trend.
Key Levels to Watch
Immediate Resistance: $0.01194 — this level is crucial for confirming the bullish reversal. Once broken, it opens the door for further gains.
Next Targets: After surpassing $0.01194, the next target is around $0.0166, which is the previous high and a major psychological barrier.
Support: $0.01115 — should act as strong support if prices retest this level during a short-term pullback.
Trading Plan for VELAS
Entry Strategy:
Entry Zone: $0.0112 to $0.0115 — this area offers a prime buying opportunity with minimum downside risk. Set limit orders in this range.
Breakout Buy: If Velas breaks above $0.01194 (resistance), a momentum trade can be initiated, targeting the $0.0166 level.
Stop Loss:
$0.0108 — place a stop loss below this level, ensuring protection against any sudden downside moves while allowing enough room for price fluctuation during consolidation.
Take Profit Targets:
$0.014 (Short-term)
$0.0166 (Medium-term)
$0.017 and beyond (Long-term upside potential)
Risk Management:
Risk-to-reward ratio should be at least 1:3. Allocate no more than 2-3% of your total portfolio to each trade, maintaining a balanced exposure.
Velas is Ready to Fly 🚀
With the technical patterns aligning and the return of key leadership, VELAS is poised for a bullish breakout. This presents a golden opportunity for both short-term traders and long-term investors. Don’t wait too long—once the breakout happens, the price could surge quickly!
Start building your positions now before the hype takes this token to new heights is my advice :) Best regards, Blaž
WAGYUSWAP new MILLIONAIRES ON THE HORIZON (TA+trade plan)🚀 SOON NEW MILLIONAIRES ON THE HORIZON! 🚀
WAGYUSWAP is poised for a massive breakout with its Cup and Handle formation. This is one of the most powerful bullish signals in technical analysis, and we are on the verge of something HUGE. With momentum building, WAGYUSWAP has the potential to catapult into life-changing gains! Early investors have the chance to secure millionaire status as the breakout is IMMINENT.
Don't miss out on this golden opportunity to ride the wave of a new crypto revolution. Time is ticking, and those who act fast could be the next crypto millionaires! The sky’s the limit! 🌕💸
WAGYUSWAP (WAGYUUSDT) Technical Analysis + trade plane by Blaž Fabjan
Cup and Handle Formation
The chart reveals a clear Cup and Handle pattern, a bullish continuation signal. The price action has developed a rounded bottom, suggesting a steady accumulation phase followed by a minor consolidation that forms the handle. This pattern indicates a strong probability of a breakout, targeting higher price levels.
Key Support and Resistance Levels
Support Level: The major support lies at $0.00007533, holding strong and representing a solid floor for any downward movements.
Resistance Levels: The chart highlights critical resistance zones:
$0.00010000 (psychological resistance)
$0.00015000 (target resistance)
The breakout from the handle, if confirmed, could propel WAGYUSWAP towards these resistance levels, marking a substantial bullish move.
Indicators Overview
VMC Cipher B: The current momentum shows divergences, indicating a strong possibility of upward movement. The positive momentum is gaining traction with increasing bullish pressure, reflecting a breakout potential.
RSI (Relative Strength Index): The RSI is showing bullish strength, hovering around 51.87, and climbing towards the overbought territory. This upward movement suggests strong buying pressure and the possibility of a sustained rally.
Stochastic RSI: Currently sitting at 96.67, the Stochastic RSI indicates an overbought condition. While this typically points to a potential retracement, it could also signify the start of a parabolic move during strong bullish trends.
Trading Volume
Volume Analysis: The chart indicates an uptick in trading volume during the formation of the cup, especially as the price approaches the breakout zone. A volume surge is expected as WAGYUSWAP breaks out of the handle.
Trading Plan for WAGYUSWAP (WAGYUUSDT)
Entry Point
Aggressive Entry: Traders looking to capitalize early can enter at current levels near $0.00009750, expecting the breakout from the handle. This offers a favorable risk/reward ratio, provided stop losses are tight.
Conservative Entry: For a safer approach, wait for a confirmed breakout above the $0.00010000 level, preferably accompanied by high volume to validate the move.
Target Levels
First Target: $0.00013000 – short-term profit target based on the depth of the cup formation.
Second Target: $0.00015000 – medium-term target as the price surges past resistance levels.
Stop-Loss
Place a stop-loss just below the support level of $0.00007533. This keeps the risk controlled in case of an unexpected retracement.
Risk Management
Risk no more than 1-2% of your capital per trade, and adjust position sizes accordingly to account for volatility in the cryptocurrency market.
WAGYUSWAP is poised for a massive breakout with its Cup and Handle formation. This is one of the most powerful bullish signals in technical analysis, and we are on the verge of something HUGE. With momentum building, WAGYUSWAP has the potential to catapult into life-changing gains! Early investors have the chance to secure millionaire status as the breakout is IMMINENT.
Don't miss out on this golden opportunity to ride the wave of a new crypto revolution. Time is ticking, and those who act fast could be the next crypto millionaires! The sky’s the limit! 🌕💸
BITCOIN - Price can bounce down from wedge to $59000 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price declined to support line and at once bounced up to $60900 level and soon broke it.
Then, price made retest and continued to move up to resistance line, after which it turned around and declined to support line.
Next, price rose to resistance line, but soon started to decline inside wedge, breaking $64300 level at once.
After this, price fell to support line of wedge and then bounced up to resistance line, after which started to fall.
In a short time, BTC fell to support line of wedge, but recently it rose higher than $60900 level, breaking it.
Now, I think that price can rise slightly and then bounce to $59000, breaking support level and exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Bitcoin will small correct and then rise to trend lineHi folks today I'm prepared for you Bitcoin analytics. Some days ago, the price reached the trend line and at once rebounded and made a strong impulse down to the resistance level, which coincided with the resistance zone. BTC some time traded inside this area and then dropped to the support level, breaking the 63600 level. Then price some time traded near the support level, and later declined to the support area, after which turned around and started to grow to the resistance level. In a short time, BTC rose to the 63600 level and even rose to the trend line, but then at once turned around and dropped back to the support level, making a fake breakout of the 63600 level. After this movement, the price turned around and started to grow, and now I expect that BTCUSDT will make small correction to the support level. Then it can turn around and start to move up to the trend line, therefore I set my goal at 63000 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
AVAX Confined to an Elongated Channel: Range-Bound indefinately AVAX appears to be trading within a very elongated channel, which could represent either an impulse wave (up to Wave 4 in this case) or, more likely, a WXZ or WXYXZ corrective structure. The absence of a strong upward lunge or decisive break above the upper green trendline supports the idea that AVAX is stuck in this corrective phase.
Until a clear breakout occurs, the price seems confined to the boundaries of this channel. For those looking for opportunities within this range, you could consider trading the key levels—but be cautious of the lack of a decisive trend change. It’s important to keep in mind that without a strong move outside of the channel, any significant upward momentum may take some time to materialize.
TURBO is really preparing for Turbo mode (TA + trade plan by BF)Technical Analysis by Blaž Fabjan
Falling Wedge Pattern:
The chart displays a falling wedge, which is a bullish continuation pattern. Typically, this pattern signifies a potential breakout to the upside as the price consolidates before resuming its upward trend.
The wedge is identified with the resistance (upper line) and support (lower line) converging. The price is nearing the apex, suggesting that a breakout may be imminent.
Volume:
The volume seems to be relatively stable. A breakout from the wedge with a corresponding increase in volume would confirm the strength of the move.
In falling wedge patterns, diminishing volume during the consolidation phase is common, which aligns with the current scenario. Traders should watch for volume spikes on a breakout.
Indicators:
VMC Cipher_B Divergences:
The indicators at the bottom are showing several divergences. Notably, the green dots (or divergence indicators) suggest potential bullish momentum building up.
RSI (Relative Strength Index):
The RSI is around the 47.49 mark, suggesting a neutral zone, neither oversold nor overbought. An upward movement in RSI above 50 would signal increased bullish momentum.
Stochastic Oscillator:
The Stochastic Oscillator is at 62.61 (with the signal line at 58.17), indicating moderate bullish momentum. The oscillator has moved upward from a lower level, which could be a prelude to a potential bullish breakout.
Support and Resistance:
Support: The lower line of the falling wedge around 0.00625 USDT acts as a key support zone.
Resistance: The upper line of the wedge around 0.00685 USDT acts as resistance. A break above this level could lead to significant price appreciation.
If the price breaks the 0.00685 USDT resistance with strong volume, it could test the 0.0075 USDT area and beyond.
Trading Plan:
Entry:
Aggressive Entry: Consider entering the trade now, near the bottom of the falling wedge, around the 0.0064 USDT area, expecting the wedge to break out soon.
Conservative Entry: Wait for a confirmed breakout above the wedge's resistance at 0.00685 USDT. Look for a close above this level with a volume spike to confirm the breakout.
Stop Loss:
Place a stop-loss below the support of the wedge, around 0.0062 USDT. This gives room for minor price fluctuations but protects against a downside breakout.
Take Profit Targets:
First Target: 0.0075 USDT (measuring the height of the wedge and projecting it from the breakout point).
Second Target: 0.0080 USDT (psychological resistance level).
Final Target: If momentum continues strong, 0.0085-0.0090 USDT.
Risk Management:
Risk 1-2% of your portfolio on this trade.
Ensure a risk/reward ratio of at least 1:3 for a favorable setup.
Monitor the RSI and Stochastic:
If the RSI rises above 50 and the Stochastic Oscillator continues to trend upward, the likelihood of a breakout increases.
Exit Strategy:
In case the wedge pattern fails and the price breaks down below 0.0062 USDT, exit the trade to avoid larger losses.
If the price hits the first target (0.0075 USDT), consider taking partial profits and moving your stop loss to break-even to secure the trade.
Summary:
Potential breakout: The chart is indicating a falling wedge continuation pattern with a potential breakout to the upside. Indicators are showing neutral-to-bullish signals, and volume is crucial for confirming any upcoming breakout.
Risk/Reward:
Set up your entry points based on either a more aggressive or conservative approach, but ensure proper risk management and stop-loss placement.
Monitor the price action closely as it approaches the resistance, and act accordingly based on confirmation signals.
BITCOIN IS GOING UP! TA + TRADE PLAN BY BFTechnical Analysis of Bitcoin (BTC) on the Chart by Blaž Fabjan
Falling Wedge Continuation Pattern
The falling wedge is a bullish continuation pattern, often indicating a potential upward breakout after a period of consolidation.
Resistance and Support Lines:
The chart shows a clear resistance line sloping downward and a support line also trending downward.
The price is approaching the apex of the wedge, where a breakout is likely imminent.
Indicators Analysis:
VMC Cipher B (Market Cipher Indicator):
The divergences on the VMC Cipher B show a series of green dots, which are often used to indicate potential long entry points.
The momentum appears to be turning positive, with the indicator suggesting possible bullish divergence.
RSI (Relative Strength Index):
The current RSI is at 39.81, which indicates a moderately oversold condition.
An RSI below 40 often suggests that the market is near the bottom, and a potential reversal to the upside is likely.
Stochastic Oscillator:
The Stochastic Oscillator shows 43.44 and 47.50 (K and D lines), hovering near the oversold region but not yet fully bottomed out.
A crossover or upward movement from these levels would provide additional confirmation of a bullish reversal.
HMA+ Histogram:
The HMA (Hull Moving Average) histogram shows recent red bars, indicating negative momentum, but it appears to be narrowing, suggesting that the selling pressure is weakening.
A transition from red to green bars would confirm a shift toward bullish momentum.
Potential Breakout Scenario:
Given the falling wedge pattern and the technical indicators approaching oversold conditions, there is a strong likelihood of a bullish breakout.
The volume is not provided in the chart, but price action suggests decreasing volatility before a potential breakout.
The breakout direction is likely to be upwards, targeting the $65,000 to $67,500 resistance zone initially.
Trading Plan by Blaž Fabjan:
Entry Strategy:
Wait for Confirmation of Breakout: Enter a long position once the price breaks above the resistance of the falling wedge pattern (around $61,500-$62,000).
RSI needs to cross above 45 to confirm momentum is shifting to the upside.
Ensure that the VMC Cipher B shows green dots and the Stochastic Oscillator shows a bullish crossover before entering the trade.
Stop-Loss Strategy:
Place a stop-loss just below the support line of the wedge, which would be approximately around $59,000, to protect against a false breakout or further downside.
Profit Targets:
First Profit Target: $65,000 (previous swing high and a significant psychological level).
Second Profit Target: $67,500 (the next key resistance level after the breakout).
Risk-Reward Ratio:
Aim for a minimum 2:1 risk-to-reward ratio.
For an entry near $62,000 with a stop loss at $59,000, the first target at $65,000 gives a decent risk-to-reward ratio, with the potential for higher gains if the price continues to climb.
Trade Management:
Trailing Stop: Once the price reaches the first target, move the stop-loss to breakeven (entry point) to lock in profits and manage risk.
Monitor the RSI and VMC Cipher for signs of exhaustion in momentum once the price nears the second target.
Alternative Scenario:
If the price fails to break above the wedge and breaks below the support line, consider reversing the position or waiting for further confirmation of a bearish trend before shorting.
By following my plan, traders can capitalize on the potential upward breakout from this falling wedge continuation pattern while managing their risk effectively.
Bitcoin technical analysis + trade plan by BFTechnical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan
Overview of Current Market Structure:
Descending Trading Channel: The Bitcoin price is currently trading within a descending channel, marked by parallel lines of resistance and support. The price has respected both boundaries and continues to oscillate between them.
Support: The current support level within the descending channel is approximately 60,000 USDT, as shown by the lower green line.
Resistance: The resistance level is around 61,758 USDT, as indicated by the upper green line.
Potential Breakout: A potential breakout to the upside is indicated by the analysis. If the price breaks through the resistance zone, we may see a rally towards the 64,591 USDT mark, which is a key resistance level in the broader time frame.
Indicators Analysis:
RSI (Relative Strength Index, 14 periods): The RSI is currently around 39.25, which indicates that the market is in a slightly oversold condition. This suggests a potential buying opportunity if momentum shifts to the upside.
Stochastic Oscillator (14, 3, 1): The stochastic oscillator shows a value of 27.09, signaling that the market is near the oversold region. A bullish crossover between the %K and %D lines could trigger an upward move.
VMC Cipher B Indicator (Divergences): The VMC Cipher B Divergences are currently showing bearish momentum, but the price appears to be bouncing off a significant support level. We are awaiting confirmation for a reversal.
HMA Histogram (40, 44): The HMA Histogram shows a value of 91.97 in the short term, indicating that bearish momentum is starting to slow, and a potential bullish reversal could occur soon.
Key Levels to Watch:
Immediate Support: The key support level lies around 60,000 USDT. If the price drops below this level, further bearish movement towards 58,000 USDT could be expected.
Immediate Resistance: Resistance stands at 61,758 USDT, the upper boundary of the descending channel. A breakout above this level could trigger a bullish rally.
Key Target Level: The next major target on a breakout would be the 64,591 USDT resistance, where the price is likely to face significant selling pressure.
Trading Plan:
Bullish Scenario:
Entry Point: Look for a breakout above the 61,758 USDT resistance level. Confirm the breakout with increasing volume and price closing above the channel.
First Target: 64,591 USDT, which is a major resistance zone in the upper range.
Stop Loss: Place the stop loss slightly below the support level of 60,000 USDT to manage downside risk.
Second Target (Aggressive): If bullish momentum continues, a potential extension towards 65,500 USDT is possible, aligning with previous highs.
Bearish Scenario:
Entry Point: If the price fails to break above the 61,758 USDT resistance level and starts rejecting at this point, consider a short position with a breakdown below the 60,000 USDT support.
First Target: A drop towards 58,000 USDT could be expected if bearish momentum accelerates.
Stop Loss: Set the stop loss above 62,000 USDT, just outside the resistance of the descending channel to account for volatility.
Neutral Scenario (Sideways Trading):
If the price consolidates between 60,000 and 61,758 USDT, wait for a clearer breakout or breakdown before entering any trades. The current channel suggests potential opportunities, but patience for confirmation is key.
Risk Management:
Position Size: Use proper risk management by not risking more than 1-2% of your capital on any trade.
Risk-Reward Ratio: Maintain a favorable risk-reward ratio of at least 1:2 or higher to ensure the profitability of your trades.
WIF Stuck in a Wedge Pattern: Patience is Key For a BreakoutWIF is forming a very long but distinct WXYXZ wedge pattern, tightly confined within its channel. The structure is clear, with repeated ABC corrective waves confirming the pattern’s integrity. While the setup is clear, it suggests we may have to trade within the boundaries of the channel for now.
For those looking to trade short-term, focus on the key levels within the wedge, but be prepared to wait patiently for the eventual breakout—it could take time, but when it happens, it should be significant.
HelenP. I Bitcoin will drop from resistance level to $59100Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price entered to wedge and at once rebounded fromresistane line and started to decline. In a short time, BTC fell lower then support level, which coincided with the support zone, but then it tried to back up and failed. Next, the price dropped to the trend line, which is the support line of the wedge also, and then started to grow. BTC quickly rose to the 57500 level, broke it, and later made a retest and continued to move up. Later, the price reached the resistance level, which coincided with the resistance zone, and some time traded near this level. Then BTC broke the 63600 level and later rose to the resistance line of the wedge, after which turned around and made an impulse down, thereby exiting from the wedge and breaking the resistance level as well. After this movement, BTC little declined more and not long time ago rose back to the 63600 level. So, now I expect that BTCUSDT will rebound from the resistance level and drop. Therefore I set my goal at 59100 points. If you like my analytics you may support me with your like/comment ❤️
FULL TECHNICAL ANALYSIS FOR CRYPTO PAIR MATICUSDTHello my wonderful community !
I’m back again
I really appreciate you guys for reviewing my charts
Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here.
The colors for each line/zone
Monthly - Yellow
Weekly - Orange
Daily - Green
4H - Red
1H - Purple
My Monthly chart view:
Ever since 2022, price has been in a downtrend by making Lower highs and Lower lows.
Price breaks a major Support area and turns it to a dynamic resisitance areas.
Take note as price is in a range and respecting the newly formed monthly resistance line (1.2300 ) and support line (0.3600) in yellow
My Weekly chart view:
Going into the weekly TimeFrame, it is truly clear that bears has been in full control of price from mid 2022 until last quarter of 2024,Price is currently not making lower lows and has been ranging
Last week price has reached a strong support area that has been respected for years after being in a downtrend for weeks
My Daily chart view:
Price is in a downtrend after breaking the daily dynamic S/R in green (0.7400) and has approached the Monthly resistance line in yellow.
Looking for buy setups as price has respected that monthly support zone for a stipulated period.
My 4H chart view:
As we move into the smaller timeframe of the 4H period, the market seems to be clearer as we can see another formation of a dynamic S/R zone in red (0.4350) which i will set as my target when we go down further
My 1H chart view:
So I’ll go down into a smaller 1H timeframe and look for buy Setups as bulls seems to be coming in slowing and the formation of an inverse heads and shoulders pattern
To play safe, for me to feel comfortable in capturing a buy setup ,I’m looking for the break of the neckline of the inverse heads and shoulders pattern , cross of the EMAs and volume of bulls coming into the market to put the odds in my favor.
Avoid entry of any trade during any major news that will affect price and this is not financial advise -
NEWSCHOOLTRADER
USDT.D Update - Oct 07 2024#USDT dominance got close to 5.99% level and had a slight drop to its current zone of 5.47% - 5.63% and initial signs for another rise are visible. If USDT.D manages to cross above the blue trendline and 5.63% level, it will continue to higher levels. The strength of the next move is crucial to the overall market's condition.