WAVES - EXAMPLE OF BUY AT THE RIGHT TIMEWAVES - EXAMPLE OF BUY AT THE RIGHT TIME
It's important to buy cryptocurrencies at the right time after looking at their potential. If we miss the right moment, we could miss out on a lot of profit. So, just buy when it's the right time.
Altcoin
ETH - Wait For It 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been overall bullish , trading within the rising broadening wedge in red.
Currently, ETH is in a correction phase and it is approaching the lower bound of the wedge acting as a non-horizontal support.
Moreover, it is retesting a strong support and round number $3500.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
📚 As per my trading style:
As #ETH is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin might go down even more perfect time to buy altcoinsBINANCE:BTCUSDT
what i see from the situation here we may be in a down trend for some time.
but i think this correction is a great opportunity to buy some altcoins as bitcoin cools off a bit .
i can't say precisely how much more we go down but the low 60k$ to high 50k$ range is not out of the equation. but we will pump fast and hard when this correction ends and alts will most probably fly and explode . so stack some bags while we have a chance .
if you want to know what altcoins i personally buy send me a private message and i will curate a personal portfolio in accordance to your capital .
MATIC Long Opportunity 221%+ BreakoutCRYPTOCAP:MATIC is currently breaking out of a 3-year descending triangle pattern reversal, which is a bullish sign of continued upward movement. If the pattern is confirmed and plays out as expected, we can see a relatively swift 200%+ increase in Matic's price. 2.87 is my price target for this trade, which is just an under the ATH. However, I think this price target is low for Matic in the next 1-2 years. Although this pattern is looking to be confirmed, be careful with leverage and weigh your risk to reward carefully.
Polygon Matic is one of the best and most popular L2 tokens used as a scaling solution for Ethereum and is liked by old and new crypto investors. It's a "safe" bet on this bull market and a blue chip.
DYOR and bring home those gains!
LINK Long Opportunity | +35% Breakout $31 SOONLINK is lining up for a megaphone pattern. This pattern is not bullish or bearish but indicates a large move to come. I believe with the market sentiment, it's very possible we break up and out of this pattern, and historically, this would tell us that we are going to at least $30 , probably around $31.5 to be exact.
This would be a ~35% spot gain . I am going to wait for a ~3%+ break-out confirmation above the ceiling of the megaphone trend to enter a long position with a stop loss just under the previous channel floor, as shown on the graph.
Full disclosure also adding to fat bag on LINK because I am bullish over the long term!
DYOR and bring home those gains.
📈DYDX quick long-position📉BINANCE:DYDXUSDT
BYBIT:DYDXUSDT.P
Hello dear traders.
If the price does not return below the $3.8 level, the bullish scenario will be strong.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Bitcoin Dominance: A Decline on the Way?The market capitalization dominance of Bitcoin, measured in percentage, has continued to behave as anticipated. We've seen an increase and have now ostensibly formed a Wave ((a)), with the current phase being the formation of Wave ((b)). This Wave ((b)) is expected to reach between 100% and 138% of the previous movement. We have almost reached the 100% mark. It's important to remember that these figures don't need to be exact to the percentage point or, in the case of stocks, to the cent, but it's reasonable to expect that Bitcoin's dominance could now decrease.
As for Bitcoin, we're likely to see a five-wave downward movement. If market prices rise in the meantime, the altcoins should outperform Bitcoin, though a correction across all currencies is expected before any further upward movement. Once Wave 4 in Bitcoin's dominance concludes, we may see an increase in dominance again, indicating a shift in market dynamics.
Cardano(ADA) is Ready to Fall at least 🚨➖10%🚨🏃♂️ Cardano(ADA) is moving near 🔴 Heavy Resistance zone($1.053-$0.746) 🔴 and Resistance line .
🌊According to Elliott wave theory , Cardano(ADA) seems to have completed Zigzag correction(ABC/5-3-5) .
🔔I expect Cardano(ADA) to start falling again from the 🟡 Potential Reversal Zone(PRZ) 🟡 and at least fall to the 🟢 Support zone($0.661_$0.633) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Cardano Analyze (ADAUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GMT Idea | GMTUSDTHELLO FRIENDS,
Today I'm going to share with you my tough about BINANCE:GMTUSDT , One of the most promising coins.
I believe GMT have alot of potential and currently the best time to open BUY position is NOW.
This is just my opinion, so I recommend you do your own analysis before open any positions.
CHEERS!!
Shiba Inu Crypto: Riding the Wave of VolatilityThe world of cryptocurrency has always been a rollercoaster ride, and Shiba Inu (SHIB) is no exception. Over the past few weeks, SHIB holders have experienced a whirlwind of emotions as the price soared by a staggering 370% from its recent lows. Now, as the price consolidates tightly on the higher short-term support side, investors find themselves on the edge of their seats, eagerly awaiting the next move.
At the heart of this excitement is the formation of what appears to be a bullish bull pennant. This technical pattern is characterized by a consolidation phase following a significant price increase, forming a triangular shape resembling a pennant on a flagpole. In the case of Shiba Inu, this consolidation is occurring at higher levels, indicating strong support and a potential continuation of the upward trend.
However, while the chart may suggest a bullish bias, there's a crucial piece of the puzzle missing: volume. Volume is the lifeblood of any market, providing valuable insight into the strength and sustainability of price movements. In the case of SHIB, the current consolidation phase is accompanied by relatively low trading volume, leaving investors in a state of uncertainty.
Without sufficient volume to confirm the direction of the breakout, traders are left in a precarious position. Will SHIB break out to new highs, propelled by renewed buying interest and investor enthusiasm? Or will it succumb to selling pressure, triggering a downward spiral and erasing recent gains?
For now, the answer remains elusive, and investors must exercise caution. While the temptation to jump in and capitalize on potential gains is strong, it's essential to approach the market with a level head and a clear strategy. Risk management is paramount, especially in the face of uncertainty.
As someone currently holding a position in SHIB, the stakes are high. Watching closely for any signs of a breakout, whether to the upside or downside, is crucial. Setting stop-loss orders and defining profit targets can help mitigate risk and protect capital in the event of unexpected price movements.
Beyond the short-term speculation, it's essential to consider the broader fundamentals of Shiba Inu and its ecosystem. Launched as a playful experiment in decentralized community building, SHIB has captured the imagination of crypto enthusiasts worldwide. With its vibrant community, meme-inspired branding, and ambitious roadmap, SHIB has carved out a niche in the ever-expanding world of cryptocurrencies.
Yet, amidst the hype and excitement, it's essential to maintain a balanced perspective. Cryptocurrency markets are notoriously volatile and unpredictable, with fortunes made and lost in the blink of an eye. While the allure of quick gains may be tempting, it's crucial to approach investments in SHIB, or any other cryptocurrency, with caution and diligence.
In conclusion, the current consolidation phase of Shiba Inu presents both opportunities and risks for investors. With the potential for a bullish breakout on the horizon, accompanied by the uncertainty of low trading volume, careful observation and risk management are paramount. As the crypto community eagerly awaits the next move, one thing remains certain: the journey of Shiba Inu is far from over.
Litecoin: consolidation in mid-term?Hi Traders!
From a technical point of view, CRYPTOCAP:LTC could be very interesting for Day Traders who like to accumulate positions, in fact this is our strategy on this Crypto. Targets on daily time frames are very clear and simple: 102 (Target 1) and 130 (Target 2).
The Trend on this Time frame is still bearish, and if the support around 56 area fails, a new bottom is possible before a price recovery, but if this happens it will be an interesting opportunity to add long positions.
Trade with care
Like | Share | Comment
ALT Season on Verge of Breakout? This is the way...Are your bags packed? Are you ready to go?
It appears we are on the verge of Alt Season as Total Market Cap excluding BTC & ETH is ready to break to the upside. Now that people are sitting on BTC gains at All-Time Highs, I would start looking for rotations into hyped up Alt projects - NFTS, Stable Coins, and Pepe's and just classic Shit Coins. As long as the Government is mathematically obligated to print, all that shall trade shall pump. This is the way.
If this breakout fails (and BTC sells off hard), I would look for the market cap to test the 70 RSI level for support before reloading for another leg higher. The RSI is pretty over-bought on higher timeframes (3-Day, Weekly) at the moment.
Trade Advice: Take Profits. Shit will pump & dump. You don't need to sell entire positions all at once. Scale out on a schedule when you're sitting on Fat $tacks and Gains. Be OK with not realizing all the paper gains. Be stoked to have a balanced portfolio and in positioins to strike on the next opportunity.
RUNEUSDT Trend Line BreakoutRUNEUSDT Technical analysis update
RUNE price is breaking its resistance trend line with high volume and trading above the 100 and 200 EMA. This suggests a bullish movement.
Buy zone : Below $6.40
Stop loss : $4.90
Regards
Hexa
XRP: Harmonic Structure in play in mid-term?Hi Traders!
In the long term the trend is still bearish especially on high time frames, but if we look at the intraday chart, from a technical point of view we do not exclude the formation of a bullish harmonic structure with potential Target 1 around 1.15 area and subsequently 1.40 area. Having said that, if we look at 8H chart, we see resistance area around 0.6983, but if the trend is bullish and our analysis is correct, after first touch and pullback, we expect an important breakout of it.
Trade with care
Like | Share | Comment
Axie Infinity - Nice Upside PotentialAXS broke out of the descending triangle with some bullish strength, i really like the pattern on Daily timeframe, but to be perfect it just need to do the retest, but I don't know if that will happen, as the gaming sector in crypto has been performing very well recently and I believe it still is just the beginning.
AAVE - Bulls Chart 🐂AAVE recently broke the descending triangle that had been supporting the price since June 2022.
I will wait for a more significant price correction (retest), as the price is overbought and showing negative RSI divergence on the daily timeframe.
Vite - Big Upside PotentialVite broke the down trend line on the 3D timeframe that was holding the price since April 2021, and is now trading above the MAS, which is bullish.
The upside potential is high in this setup, but I will be even more bullish when the price manages to break out the resistance at 0.038 and use it as support.
FLUX - Bulls are ready 🐂Fluxusdt is breaking out of Falling Wedge on 3D after long consolidation.
I´m expecting a retest and a continuation of the upwards movement.
Looks like altcoin season is here.
GALA - Big Upside Potential#GALAUSDT broke out of falling wedge on 3D.
I´m expecting a pullback and a continuation of the upward movement.
Big upside potential in mid term.
Hedera - Big Upside PotentialHBAR has been trading within an ascending triangle for some time now and appears to be about to break out soon.
If it breaks and closes above the zone marked in red in the 1D time frame, there is a high probability of an impulsive movement in favor of the bulls. (RSI overbought, pay attention to a possible correction after)
Matic - Sleeping GiantMatic is breaking the symmetrical triangle on the weekly timeframe that held the price for approximately 2 years.
If the breakout is confirmed and continues to make higher lows, I see a huge upside potential with the possible bull market incoming.
ICP - Easy +40%? Hi, this is my new update for ICP. In the past 2-3 months altcoins have exploded more than 100% each, but ICP has been very stable in this beautiful ascending triangle.
As you see we are getting very close to the end of this triangle and we are going to see a big breakout in the next couple of the days. The probability that it will breakout upside is much higher.
I expect once we break the resistance 14.50-15.50, then we are going to fill the gap in the blue box around 19.70 - 20.70.
Watch closely once we breakdown the red trendline then we have lost both the 20 & 50 EMA and things will get little bit complicated and we should consider sell.
