NewThoughtCrypto

NewThoughtCrypto Updated 

ETH needs to break above the neckline and resistance of 1930 USD. Today’s (June 30th) daily candle shows a displacement to the upside with volume. The high volume and the wide price range gives me some confidence that this is a markup and the consolidation phase is finished. Ideally, we should also get a retest of the 1930 USD level as support. The target...

NewThoughtCrypto

If we compare Bitcoin’s PA to the two previous impulses, we have two possible scenarios. Both scenarios have nice confluence and at the moment they are both likely. Scenario A: The first scenario is based on the first impulse and correction between January and March 2023. This scenario includes a sweep below the range to gather liquidity followed by a push above...

NewThoughtCrypto

TLDR: Two Possible paths ahead for Bitcoin: Contingency 1: • Price drops below the range for a liquidity grab. In this case I will be a buyer at the 28.5K – 29K level. Contingency 2: • Price Moves above the range High. In this case I will be a seller at the 32K - 33K level. Background: • In the last week and a half Bitcoin is consolidating in a range....

NewThoughtCrypto

TLDR: • Kaspa has been moving in an upward sloping channel since October 2022. • Kaspa Dropped below the channel on May 20th and tested the channel trend line as resistance twice. • Regardless, this is a base building period and upside is still on the table. Probable Scenario: • IMO, it is more likely that KAS will find support at the 0.382 Fibonacci...

NewThoughtCrypto Updated 

TLDR: • This trade is for those of you that missed the first entry I gave (linked idea). • This trade can also be an opportunity to compound the trade if you took a profit. • There are two possible reentry points: 17.65$ - 18$ and 15.95$ - 16.71$. • My medium-term targets for SOL are 26.45$ and 39$. Entry No.1: 17.65$ - 18$ • This is a demand zone created on...

NewThoughtCrypto

TLDR: • MATIC is close to breaking out of the Range High. • To trade long I need to see the following: o Break out of the range. o Move up to deplete the supply zone. o Range high flipped to support. • Only after these two conditions are met will it be a high-confidence long trade. Background: • MATIC is in a similar situation to many other...

NewThoughtCrypto

TLDR: • This is a bull market prediction. • I compared KAS with FTM and ADA because the charts have some similarities. • Take this prediction business with a pinch of salt. I don’t know the future, nobody does. • However, in bull markets crazy things happen, and if FTM and ADA made it, so can Kaspa. Preface: • Analyzing a coin with a short price history is a...

NewThoughtCrypto

TLDR: • BNB is on the verge of breaking out the range high in a possible Double bottom reversal. • Above the range high is a supply zone between 256 – 266 USD. • I consider this supply zone as another layer of resistance. • Wait for a retest of the range high as support and for green dots on the TTM Squeeze indicator before betting the farm on BNB. ...

NewThoughtCrypto

TLDR: • DYDX Adheres to an almost perfect Wyckoff accumulation schematic. • I think it’s a good idea to hang on to the coattails of such a Market Maker. • I estimate that DYDX can reach the 1.618 extension, 37$ at the final phase of the bull market. Preface: • Before we proceed, you must understand that in reality assets don’t follow a picture-perfect...

NewThoughtCrypto

In this chart, I compared the Bitcoin price to USDT Dominance. There is an inverse correlation between the Bitcoin price and USDT.D. Meaning that as the Bitcoin price goes up, USDT.D goes down. During the 2022 bear market, the bitcoin price was in a downtrend while USDT.D was rising in an Ascending Broadening Wedge. An Ascending Broadening Wedge is a...

NewThoughtCrypto Updated 

TLDR: • If SOL can reclaim the range low, it could be a lucrative long trade; possibly a 70% profit. Background: • On the 29th of December 2022 Solana made its bear market low. My basic premise is that if SOL reclaims the range low, it will not go down to this level in the foreseeable future. • Solana is trading in a range since January 2023. The range low is...

NewThoughtCrypto Updated 

TLDR: • A successful break out a of a Falling Wedge Formation could lead to an 90% profit long trade. Background: • AGIX has been in a correction since February 8th, 2023. This correction is creating a Falling Wedge formation. • Since my previous AGIX idea, AGIX corrected further and now it reached the 0.382 Fibonacci retracement. • The target of a Falling...

NewThoughtCrypto

Please Read my previous FET idea for more context. For now, it looks as if FET broke out of the Falling Wedge, and it is forming a Bull Flag. Falling Wedge target: 0.422 USD Bull Flag Target: 0.31 USD Both targets have confluence with daily resistance level and can serve as TPs. Final confirmation is when FET breaks above 0.2544 USD. You don’t have to wait...

NewThoughtCrypto

TLDR: • Although the bearish pressure on BNB is reduced. It is not yet clear that the downtrend is finished. • To confirm a trade reversal, I will wait for a long signal from the TTM Squeeze indicator. Background: • BNB is in a continuous downtrend since the 17th of April 2023. • Fundamental news regarding Binance US has exacerbated BNB’s situation and...

NewThoughtCrypto Updated 

TLDR: • This Idea is for those that want to increase position size or to enter long. • Currently it is not sure we will get a retrace. This Idea is to prepare myself (and you, if you’re interested) in case we get a pull back. • This Trade is based on Fib levels, EMAs and Fixed Range Volume. • The 0.382 fib has the most confluence and offers better R: R....

NewThoughtCrypto

TLDR: • BTCDOM is in the final stages of a Cup and Handle Formation. • Max target for BTCDOM is 500 billion. • I estimate that BTCDOM still has two or three months of upside. During this time Bitcoin will perform better than most alts. However, BTCDOM is close to toping. Once BTCDOM realizes its full potential I expect the alt valuation in BTC terms will...

NewThoughtCrypto Updated 

• FET broke out of the upper trendline of the Wedge. • Final confirmation is above the previous wick at 0.2544 USD. • The Wedge’s target is 0.3866. • I expect a lot more from FET. • Please read my previous FET Idea for more context. NFA. What do you think? Please share in the comments. Best wishes to all.

NewThoughtCrypto Updated 

• Please read my previous FTM idea for context. • It looks as if FTM has taken the straight route up. (Green Scenario) • If FTM moves above 0.333 USD I will consider it a ChoCh on the daily chart . Meaning, a move from a downtrend to an uptrend. • IMO, there are two ways to play this. In the end they are all the same: 1. Simple Support/Resistance Flip trade: Wait...