This MEME Coin Is Setting Up For A LARGE Breakout
MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here 1000SATS has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen 1000SATS can start its move higher . This needs to be watched carefully on a new 2 week candle.
1000SATS can get very bullish with the ETH ETF launch so we need to watch carefully
Please watch the video for more information
Altcoins
15/07/24 Weekly outlookLast weeks high: $61,431.5
Last weeks low: $54,288.74
Midpoint: $57,860.12
Last week BTC had a strong rally from the beginning of the week by printing the low in the first hour, and then closing at the weekly high at the very last hours on Sunday, a +13% climb over the 7 days.
The Consumer Price Index (CPI) results came in very positive with a better than forecast result.
CPI (YoY):
FORECAST: 3.1%
ACTUAL: 3.0%
The Producer Price Index (PPI) results came in higher than forecast.
PPI (MoM):
FORECAST: 0.1%
ACTUAL:0.2%
Despite a positive CPI and negative PPI the chart reacted in an opposite direction to how we would expect. Eventually after Friday's PPI results the MIDPOINT of the range got flipped and has been rallying ever since.
Usually a weekend pump is not something to be trusted alone, the lower volume can often paint a false picture and because of this the Monday close is very important. Should Mondays close be above the last weeks high I think this could be a catalyst for flipping the Bearish trend back to Bullish.
Another indicator of a trend change is the 4H 200 EMA which has now been broken and awaits confirmation of acceptance above, again this leads into the Mondays close being key.
Close above $61,500 = BULLISH
Bounce and reclaim of both 1D & 4H 200EMAs, set up nicely for HTF continuation of Bullrun.
Close below $61,500 = BEARISH
A swing fail of last weeks high could also imply a rejection off 4H 200EMA and continuation of the chop/ LTF downtrend.
INJ - Full Bear Mode?I've been bullish on INJ until the M-Pattern formed - which has since taken us into a bearish correction. There is ONE zone that remains our final hope for a new ATH, but if we cannot hold this support then INJ is full on bearish for the immediate future.
Let's take a look at key zones for buying orders as well as the INJBTC chart for insights.
Here's an alt that is instead moving into accumulation as discussed in the video:
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BINANCE:INJUSDT BINANCE:INJBTC BINANCE:OPUSDT
BTC - Critical Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been retesting the $60,000 resistance zone.
However, it is still considered a correction phase.
For the bulls to take over medium-term and shift the momentum, a break above the last major high marked in green is needed.
📉Meanwhile, BTC can still reject the green zone and trade lower for one more bearish impulse.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DYDX - Interesting Cycles!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find the DYDX chart interesting.
For those who have been following me for a while, you know that I like to study previous price action.
If you want to win a war, you need to study previous wars.
I can't help but notice a repetitive time pattern on DYDX.
In June 2022, DYDX bottomed around the $1 round number and started a bullish cycle that almost ended around March.
The same thing happened in June 2023 , bottoming around the $1 round number and topping out around March.
Is history going to repeat itself?
If yes, then we are already around the end of this bearish cycle and will be looking for any bullish confirmation around the $1 round number to buy DYDX and hold it until around March 2025.
Let me know your thoughts. Do you think it is simply a coincidence, or is there a reason why DYDX starts to go up every June/July?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
MOG almost giving a nice short entry trigger.- Price took out previous highs and is currently reversing.
- I am waiting for a close below the keylevel I have marked to confirm a structure break to the downside.
- Next I am planning to enter in the FVG that will be created with the structure break
- The previous swing low is the traget with the resting sellside liquidity
RUNEUSDT: Short Opportunity, Bearish Reversal Signals 54,30%?Hi Realistic Traders, let's delve into the technical analysis of BINANCE:RUNEUSDT
The chart has formed a compelling Head and Shoulders pattern and has decisively moved below the neckline, signaling a powerful shift from a bullish to a bearish trend. This bearish transition is confirmed by the price movement dropping below the EMA200 line. We anticipate an exciting continuation of this bearish momentum, targeting the Unfilled Order Area at 2.750. Following a potential pullback to the historical resistance area, the downward journey is expected to continue toward an enticing target of 2.052.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on ThorChain Coin."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Understanding When XRP Will MOON - Part 3 MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here XRP has not mooned yet . The ALTCOIN market has just hit a critical level , when this happens XRP can start its move higher . This needs to be watched carefully.
XRP To The MOON
Please watch the video for more information
Not a retrace?...forgot a commaIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Respecting some levels and bounced out of AOI,
in what looks like an impulsive manner.
Stalking this.
Ideally, a move down to the discount zone will print and react.
PeiPei(ETH) Can go Up at least +30%Today I want to analyze Memecoin for you, which looks very similar to BINANCE:PEPEUSDT Pepe's Memecoin , with the difference that it has a hat and is red in color. The name of this meme is GATEIO:PEIPEIUSDT PeiPei(ETH).
Looking at PeiPei(ETH)'s website , we realize that the website is really weak and has NO whitepaper like many memecoins. The number of PeiPei(ETH)'s followers on social media is very low .
According to the above explanation, please don't take too much risk and follow the capital management, and it doesn't seem that PeiPei(ETH) can be profitable in the long term, but we can get at least +30% profit from this token according to the analysis below .
PeiPei(ETH) has successfully broken the Resistance zone and is currently completing the pullback .
According to Elliott's wave theory , PeiPei(ETH) seems to be completing wave 4 .
I expect PeiPei(ETH) to rise(+30%) to the Potential Reversal Zone(PRZ) after the completion of wave 4 .
Note: If the PeiPei(ETH) forms a 4-hour candle below the resistance zone, the scenario will change and the probability of the PeiPei(ETH) falling is very high.
Note: An important point you should always remember is capital management and lack of greed.
PeiPei(ETH) Analyze (PEIPEIUSDT), 4-hour 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.
ETH - Preparing for the ETF launch THIS WEEK MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here ETH has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen ETH can start its move higher . This needs to be watched carefully.
ETH can get very bullish with this ETF launch so we need to watch carefully
Please watch the video for more information
Will the Notcoin Price Surge or Drop? Key Indicators to Watch!The recent price action of BINANCE:NOTUSDT has showcased a mix of volatility and potential as the asset navigates through various support and resistance levels. Analyzing the 4-hour chart reveals critical insights into its likely movements and trading opportunities.
Starting with the closing prices, there have been fluctuations between $0.01621 and $0.0159, indicating a short-term downward trend. The 9 EMA is currently positioned above the 20 EMA, suggesting a possible short-term bullish momentum. However, the convergence of these EMAs around the latest price points calls for caution, as it may indicate an upcoming crossover that could shift momentum.
The Relative Strength Index (RSI), which oscillates between 56.76 and 64.90, hints at a cooling off period after reaching overbought territory. With the RSI hovering around 59.68 in the most recent data, the asset appears to be in a neutral zone, not giving a clear signal for either overbought or oversold conditions.
The Moving Average Convergence Divergence (MACD) paints a mixed picture. While the MACD line was above the signal line in earlier sessions, indicating bullish momentum, the recent crossover and the histogram turning negative suggest a bearish shift. This transition calls for traders to be vigilant as the market sentiment might be turning.
In terms of support and resistance, the Notcoin price is testing the resistance level at $0.01615. A successful breakout above this level could pave the way for a challenge at $0.016314. On the downside, the support at $0.01596 is crucial; a breach here might see the price testing lower support levels at $0.01566 and potentially $0.01536.
For traders considering long positions, waiting for a confirmation of a breakout above $0.01615 could be prudent. This could provide a potential entry point with an eye on the next resistance at $0.016314. Conversely, should the price fail to sustain above $0.01596, it might be wise to hold off on long entries until further stabilization around lower support levels.
For those eyeing short positions, the recent bearish MACD signal and the RSI cooling off suggest that there could be room for downward movement. Entry points could be considered around the resistance levels of $0.01615, with exit targets set around the support levels of $0.01566 or $0.01536, depending on the risk appetite.
BITCOIN VS ALTCOINS Since the beginning of 2023 BITCOIN has been on a relentless upward trajectory. As the highest market cap cryptocurrency it often sets the tone for the entire market. When Bitcoin goes up it tends to drag the rest of the market up with it and the same when Bitcoin falls is the general rule of thumb.
This post is to showcase the difference between Bitcoins market cap (TOTAL) Vs the Altcoin market cap which excludes Bitcoin and Ethereum (TOTAL3) . As the market leader Bitcoin is often the first mover and that can be seen in the chart on the left, we have at first glass a mirror image on the TOTAL3 chart on the right but with a few key differences:
- When Bitcoin fell from its ATH in November, price found it's bottom at the previous cycles ATH as seen by the blue horizontal ray. Whereas the altcoin market continued to drop below its previous ATH by another 19.67% . It's an important difference because it shows that altcoins are worse off in a bear market when compared to Bitcoin, and they start from further back once the Bullrun arrives.
- We can see that both charts are very similar, the next biggest difference is clearly the progression made in this Bullrun so far. Bitcoin has already moved past its "right shoulder" of the head and shoulders price pattern, TOTAL3 however is still some ways off that mark, the chart shows altcoins have a 38% gap between current level and the top of that "right shoulder" .
The reason for the gap in the race can be explained the same way each cycle because they're exactly the same patterns each cycle. Bitcoin is the first mover as it is the biggest by market cap, the same cycle of capital injection happens each and every time:
BITCOIN ----> LARGE CAPS ----> MID CAPS ----> SMALL CAPS
Profits get rotated into the next more risky investment over and over until the blow off top and retail are left holding their positions all the way down. This will most likely still be the case this cycle however there is a new player on the field...
BTC ETF's...
This is new and exclusive to this cycle and I believe this will partly change the dynamic of the cycle when compared to years gone by. With over $10 BILLION DOLLARS of net inflows into BTC the institutional buyers are now here in a much bigger way than ever before, how will this disrupt the money flow? It could prevent profits from rotating somewhat into the large caps, but not completely. Naturally the ETF providers will have a large stake in the holding of BITCOIN and are going to be less inclined to sell when the cycle looks to near its end as they are still providing the service to their customers. Having less sellside pressure will help BTC hold its value.
The altcoins may get the negative side of this as less profits in theory will rotate into smaller cap coins and result in a smaller 'Altseason" . This is the cost of institutional adoption. There is always the possibility of altcoin ETF's but that is another discussion. For now I can see altcoins playing catch up later this year and going into 2025.
Binance Coin Is Approaching An Important Resistance ZoneHey Traders, in today's trading session we are monitoring BNBUSDT for a selling opportunity around 560 zone, Binance Coin is Trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 560 support and resistance area.
Trade safe, Joe.
BITCOIN IS THE NEXT AMAZONMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here BTC has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen BTC can start its move higher . This needs to be watched carefully.
BTC To The MOON
Please watch the video for more information
WLDUSDT - Ready for a bullish rebound?After a challenging few months, WLD has dropped significantly in price and now appears to be undervalued. Let's break down the current market conditions and explore a potential long trade setup with a strong risk-to-reward (R:R)
Current POC: The price should hold at the current Point of Control (POC) to build up bullish strength.
Primary Entry: Enter a long trade at the current price level, focusing on the support at the POC.
Stop-Loss Placement: Set the SL just below the POC to ensure a favorable R:R
ratio.
Target Profit: Aim for a TP at the old trading range, capturing the potential recovery in price.
REZUSDT | CONTINUATION DOWN?Asia session insights: Are we heading lower? The stage is set for a potential sell-off, and REZUSDT could be in the spotlight.
Market Context
Bitcoin is still trading in a downtrend, and even a small downward movement could trigger a larger sell-off in the altcoin market. Let’s see if REZUSDT will follow suit.
Bearish Signals
• BTC Downtrend: Bitcoin continues its downward trajectory, putting pressure on the entire crypto market.
• Asia Session: Historically, the Asia trading session can see significant movements. If BTC drops, it could accelerate sell-offs in altcoins like REZUSDT.
• Price Action: The recent price action in REZUSDT shows weakness, with lower highs and a potential breakdown from current levels.
Strategy
Given the current market conditions and the bearish signals, I’m betting on a downward continuation for REZUSDT. Let’s capitalize on this potential move.
Action Plan
Going short on REZUSDT, targeting a continuation of the downward movement.
Are we going to see a further drop during the Asia session? Let’s find out! 🚀💥
Good luck, everyone!