Bitcoin In DANGER: Price Band ReversalIn this analysis I want to come back to an analysis I made back in March and June this year. I talked about my Logarithmic Price Bands indicator and how it has successfully predicted a BTC top around in the yellow band.
Over two months after the analysis, the price has fallen through the yellow price band again.
It's looking like BTC is losing upward momentum quickly. The final nail to the coffin of the bullish trend would be some sort of -10% or larger drop in a single day. Stocks are also eyeballing a recession risk with the bond yield inversion un-inversing, so it's not far-fetched that BTC can drop 30%-40% from its current value.
The long-term trend is still relatively bullish, but we can't have too many weeks more of this slow bleeding, it's killing momentum and interest, which is bearish.
Ideally, one would start scaling in once the price reached the green area, which is currently located between 18k - 41k. I highly doubt BTC will go below 30k again (looking at the BTC dominance), but you never know.
Bulls have to really start showing some force. Not just a few days of +1% or +2%, but a real >10% break out to stop this 6-month pattern of bleeding.
Share your thoughts!
Usdt
USDT Dominance: The Rejection Is Near!USDT dominance is approaching the resistance trendline. The current movement resembles a double-top pattern, and we might see a slight push before a potential rejection.
The RSI is losing momentum, indicating a significant bearish move for dominance. If USDT.D drops, it could be a positive sign for BTC and altcoins.
I’ll be analyzing altcoins accordingly, so if you have any preferences, feel free to let me know.
Trade safely.
Regards,
Team Dexter
#USDT #cryptomarket
HelenP. I Bitcoin can break trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Not long ago, the price made impulse up to the resistance level, which coincided with the resistance zone, thereby breaking the 56700 support level. After this, the price some time tried near this level and later dropped to the 56700 level, after which it turned around and started to move up. In a short time, BTC reached the 61800 level again and even broke it, after which rose higher than the resistance zone to the trend line. Next, the price started to decline between the trend line and firstly quickly fell to the 61800 level and broke it one more time. Then price fell more, but later turned around and rose to the trend line and continued to decline near this line. At the moment, the price is trying to break this line, so, in my mind, BTCUSDT will decline below the trend line and then rebound up, breaking finally this line. For this case, I set my goal at 60500 points. If you like my analytics you may support me with your like/comment ❤️
Spicy Wednesday: Share Your Most UNPOPULAR Crypto OpinionToday I want to try something different. I want to talk about your most unpopular opinion, the kind of opinion that will get you a lot of 🤡 emoji's on here and other forums.
This is your chance to share your widely unaccepted opinion. Most might disagree, but deep down you still know that you're right.
Here are a few of mine that might rustle some leaves:
- 99.9% of alts are vaporware.
- The previous cycle top was in April '21. The November top was 'faked' by FTX.
- Nearly all investors are better off to dollar-cost-average into BTC or ETH and should stay away from day-trading.
- Exchanges will actively trade against you if you trade with larger amounts.
- NFT's are useless and a scam.
Are the opinions above spicy enough? Hit me with your worst and let's have a sensible discussion.
#USDT : Your Key to a Beautiful Green Winter!Is this rational? Absolutely!
Is this possible? Without a doubt!
BTC Dominance may keep rising for the next few weeks followed by a very strong rejection.
You'll see double and even triple-digit gains in a single day in altcoins.
Don’t sell your BTC and altcoins for cheap just yet.
We may see a bit more of this boring price action and possibly one last shakeout, but things are about to change quickly.
Thank me later, but for now, bookmark this post.
Big moves are coming!
Based on these two charts, I'll share 10 ALTCOINS with Entry and Exit points for the bull run.
So make sure you like and RT if you want me to post them soon!
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
Technical Analysis of Holo (HOT) 4H TIMEFRAME ON BINANCEHOT/USDT TECHNICAL ANALYSIS BY BLAŽ FABJAN:
Bullish Falling Wedge Pattern:
The price action indicates the formation of a falling wedge, which is a bullish reversal pattern. The wedge is marked by converging trendlines (resistance line and support line), with the price gradually tightening within the pattern.
The breakout from this wedge has occurred with a slight increase in price and volume, suggesting the start of an upward movement.
Momentum Indicators:
RSI (Relative Strength Index): The RSI is currently around 47.17, indicating neutral momentum. However, there is a slight upward slope, which suggests that momentum is shifting towards the bulls.
Stochastic RSI: The Stochastic RSI is at 78.15, near the overbought region, but not yet fully overbought. This could indicate a short-term pullback or consolidation before another upward move.
VMC Cipher Indicator: The VMC Cipher B divergences indicator shows bullish divergence, further confirming the potential for upward movement. The histogram is turning positive, which is a bullish sign.
Trading Plan:
Intraday Trading:
Entry: Consider entering a long position around the current price levels or upon a slight pullback, ideally around the 0.001580 - 0.001600 support zone.
Target: Target short-term resistance levels around 0.001750 - 0.001800.
Stop-Loss: Place a stop-loss just below the recent low or support level, around 0.001550.
Strategy: Focus on quick scalps and close positions if there is a lack of momentum.
Scalping:
Entry: Enter on minor dips or consolidation phases, particularly around the 0.001600 - 0.001610 range.
Target: Target small profit levels within 0.001630 - 0.001650 range.
Stop-Loss: Keep a tight stop-loss below the 0.001580 level.
Strategy: Utilize tight risk management and be prepared to exit quickly if the price does not move as expected.
Swing Trading:
Entry: Consider entering a long position on the breakout confirmation or upon a retracement back to the breakout zone (around 0.001600).
Target: Aim for higher resistance levels around 0.001900 - 0.002000 based on the measured move of the wedge pattern.
Stop-Loss: Place a stop-loss below the lower boundary of the wedge, ideally around 0.001500.
Strategy: Hold the position over a few days to weeks, depending on the price action and momentum.
Conclusion and Trading Advice for Long Position:
Bullish Outlook: The breakout from the falling wedge pattern suggests a bullish reversal. However, the RSI and Stochastic RSI indicators are neutral to slightly overbought, suggesting caution for overextension in the short term.
Trading Advice:
For Intraday and Scalping: Be prepared for quick trades and potential pullbacks. Ensure tight risk management due to the current levels of momentum indicators.
For Swing Trading: The breakout is promising for a larger upward move. It is advisable to enter on a pullback to minimize risk and target higher resistance levels.
This analysis suggests a cautiously optimistic outlook for HOT/USDT, with the potential for further gains, especially in a swing trading strategy. Always use proper risk management and adjust your strategy according to market conditions.
Ethereum 8-Year Rising Wedge: Bearish Break Out!In previous ETH analyses I talked about this huge 8 year wedge pattern on the ETH chart. Where my initial takes were bullish, we've seen a bearish break out as of last week.
From a neutral point of view, this is 100% bad news. ETH will likely fall more and move towards the 1000$-1500$ area (yellow).
Might be a hot take, but most alts have been performing extremely poor recently and are down 60%-80% from their 2024 tops. Bitcoin is holding up relatively well, but that's because the BTC dominance increased by a factor of ~1.4x this year. Money is flowing out of alts (including ETH) and moving to stables and BTC.
What do you think? Will ETH drop more, or go back up?
Bitcoin can start grow to resistance level, exiting from wedgeHello traders, I want to share an update on Bitcoin with you. Looking at the chart, we can see how the price some time ago fell to the support line, breaking the support level, which coincided with the buyer zone, but at once rebounded up to the resistance level. Then BTC some time traded near this level and later it made a correction movement to the support line, which coincided with the 56600 support level and then started to grow. In a short time, the price rose to the resistance level, broke it, and even rose a little higher than the seller zone, but then it turned around and started to decline inside a downward wedge. Inside the wedge, BTC quickly fell to the 61700 level, broke it one more time, and then dropped to the support line of the wedge, breaking the support line. Next, the price bounced from the support line of the wedge and rose to the resistance line, after which turned around and continued to decline near this line. At the moment, the price trades near this line and I think Bitcoin can fall a little more in a wedge and then start to grow. Price can leave a wedge pattern and continue to grow to the 61700 resistance level, which is my TP. Please share this idea with your friends and click Boost 🚀
Yield Curve Inversion: A Warning Sign You Can't IgnoreThe yield curve, which shows the difference between short-term and long-term interest rates on government bonds (US10Y-US02Y). In normal market conditions, this number should be positive because the interest that investors require on 10Y bonds is higher than the interest required on 2Y bonds. Interest is a value of risk perception. Higher risk of default means higher required interest on bonds.
As seen on the chart, the moment that the yield-curve "un-inverts" (yellow circles) is a critical market indicator that can often predict upcoming recessions.
In the last 35 years, the un-inversion has always preceded a dump in stock prices and a recession.
Seeing this chart, it's not too far-fetched to assume that the world will go into a recession at some point in the next 1-2 years.
Bitcoin can little fall and then continue grow to 64700 pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago declined to the resistance level, which coincided with the seller zone. After this price started to grow and soon rose from the seller zone to 70100 points, but at once turned around and started to decline inside the pennant. Inside the pennant, BTC broke the 64700 level and fell to the support level, which coincided with the buyer zone and also soon broke this level too. Next, the price reached the support line of the pennant and at once rebounded and in a short time rose to the resistance line of the pennant, breaking the 56600 level one more time. Later, BTC exited from the pennant and started to trades in range, where it rose a little more and then made a correction movement until to bottom part, which coincided with the support level. After this movement, Bitcoin rebounded and rose to the top part, after which some time traded near and a not long time ago dropped to 58000 points. Then it started to grow, and I think BTC can decline a little and then continue to move up. For this case, I set my TP at a 64700 resistance level, which coincided with the top part of the range. Please share this idea with your friends and click Boost 🚀
BTC/USDT NEW ENTERY TO 65k+BTC has a signal long-term breakdown trend but is still able to make a new entry to 65K again since the trend still has not made the confirmation of the breakdown trend.
Can BTC have a new volume that will bring BTC to 65K again?
This is exactly what we will follow in the coming time frames.
The best studies are made with the moment live data follow.
At this moment the data shows there is a good possibility, to confirm this we should follow the trend with time since it can change.
The key is to change with the trend and to expect nothing from ourselves, only what the data shows.
The momentum data shows positive BTC from 59k
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.
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.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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 ❤️