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Twitter logo changes to DOGECOIN pupHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Bullish for Dogecoin? In recent developments, entrepreneur and philanthropist Elon Musk changes his recently acquired Twitter logo to the Dogecoin Face. Bet you didn't have that on your bingo cards for 2023 ! Although I believe in the strategy of "selling the news" , I do believe that Dogecoin will explode after a short pullback. From a technical analysis, my first target would be the Fibonacci Retracement at 0.236 as pointed out on the chart. After Elon Musk has successfully acquired Twitter for $44 billion (which has caused a surge in the value of cryptocurrencies, particularly Dogecoin), he has decided to change the look and feel of Twitter. One might image him asking, "why so blue?" Dogecoin, which was initially created as a joke in 2013, has gained popularity due to Musk's support, who has referred to it as the "people's crypto" and the "future currency of Earth". Musk has also implemented Dogecoin as a payment method for his companies, SpaceX and Tesla, and proposed using it as a payment method for Twitter's premium service. Incase you missed it, here's everything you need to know about the DXY and the dangers of losing it as the world reserve currency 👀 _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
39
Ethereum Chart AnalysisETH/USDT Chart Analysis: Expectations of a Pullback Towards $1600-$1700 The price of Ethereum (ETH) against the US dollar Tether (USDT) pair is currently trading at $1883, and there are expectations of a pullback towards $1600-$1700. In this article, we will discuss the technical analysis of the ETH/USDT chart and the potential impact of the Shanghai upgrade and market rumours. Technical Analysis: After breaking out of the resistance level at $1844, ETH is expected to retest the same level. If there is a bounce back from the retest level, the price may reach $2040. However, after hitting this level, there could be a significant downward move towards the $1600-$1700 level. The support levels for ETH/USDT are at $1844 and $1700, while the resistance level is at $2040. Shanghai Upgrade and Market Rumours: The Shanghai upgrade is approaching, which could have an impact on the price of ETH/USDT. There are also market rumours that could cause fluctuations in the market. It is essential to keep these factors in mind while trading. Conclusion and Takeaways: The current price of ETH/USDT is $1883, and there are expectations of a pullback towards $1600-$1700. Traders should be cautious and prepare for a potential downward move. The support levels for ETH/USDT are at $1844 and $1700, while the resistance level is at $2040. The Shanghai upgrade and market rumours could also impact the price of ETH/USDT. It is essential to keep these factors in mind while trading and to make safe and informed decisions.
Short
by CryptoPatel
2
BTC.D at resistance... time for Alts to shine? BTC.D is clearly at the top of this macro range. USDT.D is also dropping. This means we may see a mini alt season as alts follow BTC's recent rally. One counter-argument is ETH Shanghai update - Lots of staked ETH will be (is?) getting unlocked, which could create a lot of sell pressure. Some very crypto/finance savvy friends are shorting ETH here. ETH makes up a huge % of TOTAL2 (altcoin market cap), so if ETH does start selling off, this idea will be invalidated, USDT.D will pump instead, and alts will bleed. Good luck out there... Happy trades CD
CRYPTOCAP:BTC.DLong
by cryptodonovan
Bitcoin Ready For $36000 ?#BTC/USDT Technical Analysis Bitcoin (BTC) is currently trading at $28,500, which is the top level of the past few months. The cryptocurrency has shown strong support at this level, indicating that there is buying interest from investors. The resistance level has also been broken, and the cryptocurrency is currently trading above it. According to the principles of psychology, traders should sell above the resistance level and buy below the support level. However, due to the volatility of BTC, it is advisable to trade in the safe zone. In my opinion, if Bitcoin holds the red box zone, there is a strong potential for the cryptocurrency to hit $36,000 within a few days. However, if the red box zone is broken and the support level is also breached, then investors should prepare for a drop to $24,000. Investors must trade smartly and never gamble with hard-earned money. It is always recommended to conduct personal research before investing in any coins. Support levels for BTC/USDT are at $27,500, $26,800, and $24,300, while the resistance level is at $29,500. Disclaimer: This is not financial advice. Please consult a professional financial advisor before making any investment decisions.
Long
by CryptoPatel
4
XLM - Good Time to BAG RROFITS 💰Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Taking a quick look at Stellar / XLMUSDT which already increased nearly 60%. This is an altcoin that's been on my watchlist since early this year, and I believe a pullback seems logical from this point. The technical indicators RSI is showing overbought in the weekly. The Momentum in lower timeframes shows that sellers are taking control and the LSMA has fallen under 50. This point to a possible short term correction, which is only natural after a bullish 60% upward move. While you're here 👀 Check out LINKUSDT : My early accumulation plan for XLM : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
24
Profit Potential Ahead: GMX/USDT Chart Analysis Anticipates UpwaProfit Potential Ahead: GMX/USDT Chart Analysis Anticipates Upward Breakout After Brief Dip:- Greetings traders, I would like to share my analysis on the #GMX/USDT chart with you all. As of now, the price is hovering around $75.35, and I am anticipating a slight downside move before witnessing an upward breakout. My first entry point for this trade would be around $71, with a second entry point of $77 following the breakout. I have set my targets at $81.30 and $85, respectively, with a stop loss placed manually at $70 after the entry is filled. It's essential to note that trading involves some level of risk, and it's crucial to perform your due diligence and assess your risk tolerance before entering any trades. In conclusion, I believe there is potential for profits to be made in this trade, and I encourage you all to keep an eye on the GMX/USDT chart for any potential trading opportunities.
Long
by CryptoPatel
DYDX USDT | Full technical analysis and mid term opportunity#DYDX/USDT The price bounced from the support. It gives us a higher swing low in the bearish market. It's a bullish signal showing that the market is going to correct the previous bearish wave or start a bullish trend. So, it's time for position traders. It's possible to start building long positions. Any pullbacks in the hourly time frames can be used for swing trading. targets will be between 5.5, 7 and 10 and you may put stop-loss under 2.5 (weekly close) this is a mid term signal so DCA from the current levels will be perfect thanks.
Long
by Khaledzu
BTC Bottom inThe BTC bottom is in. This is the last scary candle before the start of the slow rising. One of the major facts that contribute to the bottom is in theory this week was the Donald Trump NFT collection launch, here are my brief thoughts on it: - Donald Trump surprisingly launches his NFT collection in 180 degrees move in his opinion about crypto. He has just launched it now, after FTX fall, after Sam went to jail, very close to XRP settlement, close to BTC bottom and on the Polygon network. - Trump is also an official candidate for the US presidency which makes things very interesting because now his opposition has only two options, take a contrary approach to crypto to attack Trump or make their own NFT to compete and not let him get the benefit alone. I see a next-to-zero chance of Trump's opposition going against the industry just to attack him, that would be very silly, so we are going to have some sort of "Democrats NFT" coming shortly. In politics, if you don't have what your opponent has, you are losing. Trump NFTs are already sold out, if you like it or not, the news about it was all over the place. To catch up, and show that they also can, the democrats will launch their own for sure. This scenario brings a very interesting thing. Having politicians, of the major American parties using blockchain to launch their NFTs, put them in a seat that is hard to condone the industry. How Trump can now criticise cryptocurrency if he is the one using it? I have to admit, this was a very smart move by Mr. Trump. obs: *I don't care if you like Trump or not *I am not interested in the quality of the NFT, just the fact that they were launched *This is not about politics so if you are a trigger-brainwashed militant, please go away *If I am wrong and BTC drops to 12k, bad luck, I was wrong, and that is all
BITSTAMP:BTCUSDLong
by UnknownUnicorn14518531
1
SHIU - This ALTSEASON: Meet SHIRTUM 💰⚽💰Hi Traders, Investors and Speculators of the Charts 📈📉 Shirtum / SHIUUSDT is a fairly new token that poses a great opportunity. Currently trading in an ideal accumulation zone; a previous fractal shows the potential for a near +300% increase from this point. Don't sleep on this altcoin, but remember to pre set your orders as this alt seems prone to pumping and dumping, which can be seen by the excessive wicking. Since you're here 👀 Here's my current outlook on Bitcoin: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
28
ETH/BTC Bear Flag Pattern Forming Attention traders, I am sharing my analysis on ETH/BTC trading at 0.064 BTC. Based on the chart pattern, I have a bearish outlook on this pair. Currently, a bearish flag is forming, and I am waiting for a breakdown for strong confirmations. The bear flag support is around 0.063 BTC, and the resistance level is at 0.066 BTC. As per my chart analysis, I am expecting two targets: Target 1: 0.0583 BTC Target 2: 0.0532 BTC This represents a potential 17% downside from the current trading level. Please remember to place your stop loss as per your preferred risk-reward ratio. Stay vigilant and trade responsibly. Disclaimer: This is my personal analysis and not financial advice. Always conduct your research before making any trading decisions.
Short
by CryptoPatel
2
CHAINLINK Loves JUNE / JULY 🚀Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. When it comes to macro trends and cycles or phases; I prefer to make use of fractals and probability. (I'll do a video on probability at some point in the near future, stay tuned!) I've done a number of updates on LINKUSDT. It's of particular interest to me because it has lagged in the sense that it's still consolidating. Consolidation is a "bullish" sign, because after consolidation comes the next rally. Considering that LINK rallies almost EVERY YEAR during JUNE - JULY, there is a high probability that this year will be the same, especially considering the extended consolidation phase. I'm not saying the price won't go up before then but it's certainly a month to keep your eye on. Don't forget to check out the latest updates on Bitcoin, Cardano and XRP ! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
38
Bitcoin Bull Market Target $200k ?Bitcoin Log Chart Analysis - The author believes that the correct fit for Bitcoin's growth is a square root function in a logarithmic chart, suggesting that growth will slow down on long timescales. - The author is a long-term Bitcoin bull, but remains realistic about the potential for exponential growth. - The author attributes Bitcoin's growth cycles to halvings, which cause a supply shock and subsequent rally. - The author estimates that the long-term goal for Bitcoin in 2025+ is around $150k USD, which they believe to be the final asymptotic price. - Based on historical data, the author believes that Bitcoin could be around $35k going into the next halving. - The author hopes that their chart helps people understand the long-term growth dynamics of Bitcoin, but acknowledges that these ideas are only probabilistic.
INDEX:BTCUSDLong
by CryptoPatel
3
Ethereum Technical Analysis Chart Title: ETH/USDT Technical Analysis: Key Breakout Levels to Watch Out For Key points: - ETH/USDT is currently trading at $1804, marking a 5% increase in the last 24 hours. - Traders are advised to wait for breakout confirmation before entering any trade. - Two possible scenarios to keep in mind: - If the resistance level of $1830 is breached, the price could surge to $2000-$2150. - If the resistance level holds, the first stop would be at the support level of $1700, with a potential further drop to $1400-$1500. - To make the right trading decision, traders must wait for the breakout point and confirmations before entering any trade. - The support level for ETH/USDT is at $1700, while the resistance level is at $1830. In conclusion, ETH/USDT is currently trading at a crucial level, and traders must be cautious before making any trading decision. Keep a close eye on the key breakout levels of $1830 resistance and $1700 support for successful trading in ETH/USDT.
Long
by CryptoPatel
1
Bitcoin Descending Triangle Pattern UpdateBitcoin LTF Chart Update: Descending Triangle Formation and Potential Breakout Bitcoin (BTC) has been forming a descending triangle pattern on its lower time frame (LTF) chart, indicating a potential breakout in the near future. Traders should keep a strong eye on the support and resistance levels as they could signal a significant move in the market. Currently, the downward sloping trendline of the descending triangle is acting as a strong resistance level around $27850, while the horizontal support line is located near $26800. Traders should wait for a confirmed breakout before making any trading decisions, as trading blindly can be detrimental to your portfolio. If BTC breaks out above the resistance level, we could see a potential upward movement of around 16% from the breakout point, leading to a target of $32000. However, if BTC breaks down below the support level, we could see a potential downward movement of around 16%, leading to a target of $22500. It is important to keep in mind that trading involves risk and it is advisable to trade after confirming the breakout. Traders should never make any trade blindly without proper analysis and risk management. In conclusion, the descending triangle formation on the BTC LTF chart indicates a potential breakout in the near future, and traders should keep a close eye on the support and resistance levels to make informed trading decisions. Remember to trade with caution and always use risk management strategies to protect your portfolio. Follow us For More Quality Updates. Thank you
BITSTAMP:BTCUSDLong
by CryptoPatel
3
Is DYDX/USDt 650% Potential as per Chart?$DYDX DYDX/USDT Technical Analysis:- = The technical analysis indicates that $DYDX is looking good at its current level, with a strong neck line resistance already broken and a retest of the support level. = The strong resistance level has now become a strong support level, indicating bullish momentum. As per the chart, we are expecting $DYDX to hit our resistance levels at $6.30, / $9.40, and $14.50. This translates to a potential 650% gain from the retest/support level! = As always, this is not financial advice, and we urge you to conduct your own research before investing in any coins. Thank you, and happy trading!
Long
by CryptoPatel
2
3 PHASES / FACES of XRPHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. As you all know by now, I'm a huge fan of XRP. The fundamentals are promising, and I've done a number of posts on these. Including: AND These posts cover the fundamentals and key concerns for altcoin XRPUSDT. However, if we take a look at the actual chart, it doesn't look great (in all honesty). Ideally, on any coin, you want to see growth. You don't want to see a continious return to lowest lows. Instead, like Bitcoin, you want to see higher lows over time and higher highs. Now one could argue this observation two ways : either for or against XRP. Which ever way you decide to argue, it's noteworthy to appreciate the simplicity of the market cycles occurring on XRP - Pump , Dump, and Consolidate until next Pump. We've recently seen a +30% pump, can you guess what comes next? I think the chart is self explanatory; in it's complexity, it's actually pretty simple : Buy LOW, sell HIGH. Don't be greedy, take profits. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
37