$FLOKI Ready to Breakout?!On higher time frames GATEIO:FLOKIUSDT looks like it is priming for a big move
Weekly: in December we ran to 4000 and then pulled back, last two weeks have discovered a "higher low" and look the be setting up to take 4000+
Daily: Have a nice flag that looks to be breaking the 3440 resistance level. Had a pullback Feb 17th that held, printed a hammer candle and looks to be following through now.
4H: Looks to be closing above the 3440 resitance level which could lead to a big candle
Vol: would like to see more volume on this ticker, would solidify some social backing behind the token
EMA: strong ema support down to 3000, if we fail and price heads back towards those levels, its not a bad long for some orders.
Plan:
Entry: I'm in at 3399 for an initial swing position. This is a tough lvl and fails often so be comfortable holding through a 5-8% down turn. I would like to add on a break of 3400 with confirmatory candles/volume.
SL: will ideally hold unless we dump/break 3050 range (EMA support range)
TP: initial target 3900-4000
*if we continue to see $ flow into cryptocurrencies FLOKI could explode again, no reason you cant get 70-120% if thats the case.
Bullrun
$DOGE prepping for a huge run?!?BINANCE:DOGEUSDT CRYPTOCAP:DOGE looks primed for a run on all time frames.
$0.082-0.083 has been a strong resistance level with multiple rejections since January 2024. Closing above this level on the 4h/D charts imo should usher in $0.085-$0.090 quickly, and then $0.10.
Price has been rejected hard at this level, so trying to scale in to position.
I am long at $0.0831 and will scale in from here, I want/need to see a 1h/4h candle close above resistance level with some prominent volume for more confidence in the move. SL: level looking below $0.08. PT: $0.09 area to start scaling out.
BINANCE:ETHUSDT and BINANCE:BTCUSDT have been running hard for a week now, setting up the alts/other major crypto players for their moves.
what other crypto's or alt coins are you guys watching for a big move???
Also been watching BINANCE:RNDRUSDT
Current 15m chart:
26/02/24 Weekly outlookLast weeks high: $52994.8
Last weeks low: $51757.7
Midpoint: $50520.6
Another big week in the world of crypto! As predicted BTC has been ranging consistently between the local high of 53k and the support of 50k . Since Bitcoin has been moving sideways we have seen profits rotating into ETH sending it above 3K and the broader altcoin market. We see this regularly in market cycles as capital trickles down the market cap leader board. Now it seems the ETH/BTC pair is looking more bullish we could potentially see further chop for BTC as it builds a base for the next leg and allow alts to play catch up for a short time.
This week I believe there may be some buying opportunities as some of the indicators reset and the key moving averages help to support price, the 4H 200EMA being the key one for altcoins. Bitcoin remains bullish over the 48K level, under that and I think we see a flush/ deleveraging event going into the halving which is less than 2 months away now. We have seen a few times recently just how quickly the market panics when BTC moves even a few % in the negative direction. Exercising caution and protecting funds are so important as the Bullrun is just beginning.
MEGA VOLUME FOR GRT (THE GRAPH) $0,22 TARGETThanks for reading this update, remember that this is not trading advice.
We did follow GRT by the previous update since $0,11
We expect that this coin can become one of the coins with a bullrun effect that can gain to $0,22 in the coming time. we will update this chart soon with more data.
BITCOIN NEW All Time Highs Soon!!!Value Area High of previous bullrun has officially been broken through!!
There's not too much left stopping Bitcoin from reaching ATH's!
Let The Fun Begin!
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CELESTIA (TIA)Celestia is a project I am keeping a close eye on and is one of my favourite picks for the next 12-18 months.
"A modular data availability network making it easy for anyone to launch their own blockchain without needing a validator set. Modular blockchains specialize and optimise to perform a specific function instead of one blockchain doing everything. The specialization of these new modular blockchains allow for breakthroughs in scalability, flexibility and interoperability enabling developers to build blockchain applications for mass adoption."
This new way of approaching blockchain development and the appeal to users will no doubt make TIA a very valuable token. Having only released in Q4 of 2023 Celestia is yet to experience a full Bullrun and is currently looking to target it's ATH that was set just over one week ago.
Since price discovery is not too far away this is very bullish for the token, the lack of any previous resistance areas, traders who are looking to get back to breakeven to sell their position do not exist as everyone who has invested is in profit during price discovery.
In terms of HTF entries the 4H 200EMA has consistently proven to be strong support in all of TIA's history. We recently bounced off of this level which coincides with the 0.75 line while breaking the LTF downtrend soon after. TIA hasn't seen the double digit price moves that other altcoins have experienced over the weekend but it looks like we could see that this week. I would like for price to continue within this channel working up to the local high.
Clear invalidation would be the loss of the 0.75 level as that would be under the 4H 200EMA as well as out of the bullish channel, price would have to be accepted at this level and not just a flash crash wick.
Naturally a lot of the altcoin markets strength is tied to BTC maintaining's its strength too so any early signs that BITCOIN is weakening would also apply to TIA.
BIGTIME LONG POSITION ENTRY : ENTER AT $0.3565IT's BIGTOE.. BIGTOE IS COMING!
Don't have much time, so I'll keep it brief..
Been waiting a long time for this one..
Thanks to @omnbome for calling this one.. Nice work..
Simple setup:
Safe entry represented by the dashed lines and circle with the thin stroke.
Likely bottom is the fat-a55 bigger one.. From there it should turn into a white-knuckle ride pretty quickly..
Or nothing will happen for another month while I dehydrate and get even more pruny..
BINANCE:LTCUSDT | +500% Profit potential in the bull run On 1W chart LTC is consolidating in the support zone and this consolidation is good for the next trend of the LTC in the bull market.
This is a good place to buy some LTC and hold for the long period and sell it during the upcoming bull run
Allocate only small portion of your overall investment portfolio for this. Preferrably less than 0.5%
Regards,
VectorAlgo
BTC Retest to $50k zone & then rides wave 5 to $57k +Bitcoin is exhibiting signs of convergence, marked by the formation of a bull flag alongside an Impulsive Elliot Wave, suggesting a potential rise in price action towards the $57,000 region. Additionally, the presence of a Fractal pattern hints at a significant pullback following the completion of this sequence.
BTC and ETH Leading the bull chargeI am closely watching BTC and ETH for the run-up in 2024. I prefer to invest my money into ETH and stake for Steth or ETH rewards from Lido or Gemini. Currently, look at new targets at 1.618 for both charts.
This is the beginning of the real upside before seeing any downside. Accumulating ETH at these levels. No one is watching Ethereum as much as BTC and some altcoins, so it's an excellent asset to accumulate.
In the past years, watching the relationship between BTC and ETH market caps, ETH usually stayed at least 50% of BTC's market cap. This is not to say that it can match the trend completely because the market cap changes over time, but if ETH is going to stay number two, it will need to widen the cap between the market cap of #3.
19/02/24 Weekly outlookLast weeks high: $42846.80
Last weeks low: $50286.30
Midpoint: $47725.79
BITCOIN has finally done it! BTC has flipped the all important 49K S/R level and has had a week of confirmation meaning 49K is now major support and a new trading zone has been entered.
Last week we saw BTC continue the rally that started the week previously with a near linear move up towards the resistance level, now the chart shows at the 0.25 level price broke through that level and had a successful retest followed by a further push up towards just shy of 53K . This price action initially took capital and interest away from the altcoin market, however now that we have some sideways chop as BTC establishes a base for which it can push towards the halving and ATH, some of those profits have now cycled through to ETH and the altcoin market with some double digit returns across the board.
All this price action is very bullish from a TA standpoint along with the FA side of things with BlackRock now owning MUN:10B + in BTC for their ETF the sell pressure has definitely dropped and with the halving fast approaching the supply will drop even more.
For this week I would not be surprised if we see a revisit of the midpoint ~$50K area and continue ranging for a little bit while altcoins rally and play catch up. In particular the AI coins have shown particular strength and I do think this category of altcoins will outperform a large portion of the market. I would begin to get worried if we see BTC fall back below the 49k range although the longer we stay at the current level I think the less likely that is to happen.
ETH - Be Careful - OverBought Zone Ahead 🛑Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #ETH.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
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~Rich
Degrees of BTC Know Your EnvironmentWhile crypto is an emerging technology sector as a whole, it is important to remember that BTC is a maturing 13-year-old asset.
Using a logarithmic chart of Bitcoin going back to the beginning, it is not hard to see the perfect curvature of price action as it searches for its fair market value.
Simple line tool measurements of the time vs. price increase of each bitcoin bull run show a stunning relationship of exactly 15 degrees of momentum loss from each exact bottom to the next exact high.
This is a monthly Bitcoin all-time history bar chart. Using the line tool and magnet, simply draw a line from each low to the next high. Use the line tool options to display the stats on-screen with the angle. If you zoom in or out, the angles will change degrees but will always remain near exactly 15 degrees apart. We have adjusted this chart for the first bull run angle to 75% to make it easy to see the successive 15-degree change each run.
Thankfully in this sequence there is one more 15 degree increment left meaning another run is most likely under way already. Looking at the logrithmic progression of the lows marked on the chart by the perfect red curve it would not be out of line to come down and tap it but breaking below it will happen some day and probably spell very bad news.
BTC QUICK UPDATE! BULLISH OR BEARISH??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Quick BTC update after a long time. I was not very active here for the past few months but now I'm back here and try to give you regular updates here. Keep supporting.
Now, let's get to the chart first. Today I'll give you a quick update of BTC in the lower time frame. After that, I'll post a long-term analysis.
As you see in the chart BTC is forming an upsloping bullish flag-like structure and currently trading inside the flag. Break out point will be around $53k so if we break and close above the $53k level we might see another let up to the $56k level.
Invalidation:- Close below the $51.2k level.
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ENJ after the pullback can continue the uptrend ENJ after the pullback can continue the uptrend. It might get rejected from 0.3200 and continue to go up.
🔵Entry Zone 0.3086 - 0.3201
🔴SL 0.2902
🟢TP1 0.3455
🟢TP2 0.3709
🟢TP3 0.3975
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Is this a start for AUDNZD Bullrun? This could be 1988,1995&2004 bottomed support had been broken plenty of times since 2015 & 2020 double multiple dip the same area since then and bottomed confirmed from the same zone we were at right now.
Will AUDNZD start the bullrun this year since over 30 years ago? If the bands keep pressure the buys then mostly like will skyrocket to break above 1.7320 area to stay bullish. The bears will keep dominating if the bulls don’t try to break above the key zones to break away from the bearish trend.
Overall the highest high from AUDNZD is above 1.7600 area since the past 2 or 3 decades.
In order for AUDNZD to breakout then it has to break above 1.7320 area if it ever did then the bull run begins to keep the same momentum and strength.
12/02/24 Weekly outlookLast weeks high: $48582.05
Last weeks low: $45414.55
Midpoint: $42247.04
What a crazy rally from BTC last week! From the very start creating the weekly low and the end of the week creating the weekly high with a near perfect linear move up.
With 49K as the local high consolidation just under this level is extremely bullish and with the halving moving ever closer BTC is looking very strong currently. I believe that most people myself included would see one last drop towards the mid 30K range to really catapult up from there, the big ETF players could lower their DCA and propel BTC to a new ATH a few months after the halving. However max pain would simply be BTC leaving everyone that is waiting for lower prices side-lined and push up towards the highs ahead of schedule.
So for this week a close eye needs to be on the structure of BTC around this local high. Any swing fail pattern would be very tempting to enter a short position, I believe a lot of people would welcome that setup, if that was the case you would need a very tight SL in case the rally continues. The more chop we see at these levels the more likely that is too happen in my opinion.
🔥 Bitcoin Outperforming Previous Cycles: Best Case Scenario?As Bitcoin seems to be unstoppable, it's time to take a fresh look at the current bull-run (read: the period after the low) and compare it to previous bull-runs.
Against my expectations, Bitcoin is outperforming both the 2018 and 2015 bull-runs. Most notable is the 2015 bull-run because it took us from ~150$ to ~20.000$. Keep in mind that the 2018 bull-run also outperformed the 2015 run at some point, but then quickly went under it and stayed under for the remainder of the cycle.
If the current bull-run stays above the 2015 line, we might actually see a top of >350k. Not the most likely scenario, but a man can dream.
For now, things are looking great. Bitcoin will likely break through the 50k resistance in the coming week, which opens the path to the ATH of 69k.
05/02/24 Weekly outlookLast weeks high: $43871.39
Last weeks low: $42838.73
Midpoint: $41806.06
Last week we saw the first month of 2024 come to a close as well as FOMC , this in my opinion contributed to the chop throughout the week with no clear direction in terms of trend. BlackRock continued to buy up BITCOIN and now hold ~ SEED_TVCODER77_ETHBTCDATA:3B worth of the asset.
Last week in my outlook I thought that the target of 44.5K is where the bulls needed to aim towards and ideally flip to support however they have fallen short and now I think looks a little heavy. I've said previously I could see a slow bleed towards 33K and it's beginning to look more and more likely as the bulls seem to be exhausted.
This BTC price action has had an effect on the ALT market with the majority of pairs bleeding off too, potentially leading to great long term hold entries in the near future on exciting new L1's and other narrative coins.
Historically February is a good month for BTC so there is hope on the bullish side, with the halving on the way too buyside pressure will grow naturally, in the short term arguments can be made for both sides and I think that's why we're seeing chop and indecision currently, until there is a clear direction only the nibble and very skilled traders are risking this price action. For me I am looking into where I would like to buy strong alts at key levels for swing trading timeframes.