Get started

Cryptocurrencysignals

BITCOIN Is $175000 so easy to achieve?Bitcoin (BTCUSD) broke its All Time High (ATH) this month, making history once again. The quest for the rest of the month is to close the March 1M candle above the previous ATH (69000). Why is this important? Because every time it did so in the past on each and every Cycle, the price never looked back and it entered the most aggressive part of the Bull Cycle: the Parabolic Break-out Phase. This has coincided with the 1M RSI breaking above the 0.786 Fibonacci retracement level of the Fibonacci Channel Down. As you can see on the chart every time it did so, it reached (or almost) the top of the Channel Down (blue circle) while the price hit the 1.618 Fibonacci extension. During the first 2 Cycles the price went on even considerably higher than that (red rectangle) before the Cycle peaked, while the 1M RSI again hit the top of the Channel Down. During the previous (most recent) Cycle though, there was no 2nd RSI top, as the price only marginally exceeded the 1.618 Fib with its 2nd top, in fact it didn't even close a 1M candle above it. As a result, we may have a similar 'Double Top' Cycle this time also, but that's just the modest scenario. In any case the 1.618 Fib extension is now priced at $175000, which technically is a 'certainty' (if you can ever say that in investing) based on this historic chart and the Target of this Cycle. But what do you think? Is $175k a given and if yes, will BTC surpass the 1.618 Fib for an even higher Cycle Top? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
12
BITCOIN New bottom formed. Rally could aim well above $100k.Bitcoin (BTCUSD) is at the early stages of a new parabolic rally, similar to January - March, as a key bullish development took place. The 1D RSI hit the 50.00 neutral (middle) level for the first time since breaking above it on January 26 2024 and rebounded, while keeping the 1D MA50 (blue trend-line) intact. This is a strong bullish signal for the Bull Cycle. BTC has been within a range for the majority of this month and last time all those parameters emerged together was in late November - early December 2020. At that time, Bitcoin also hit the 50.00 RSI level, held above the 1D MA50 and after being ranged for almost a month, it started a new parabolic bullish leg towards the 6.0 Fibonacci extension before the next 1D MA50 pull-back. As you can see, both sequences capped a roughly +100% rise since the previous Lows where the price made contact with the 1D MA100 (green trend-line) and eventually bounced. The 1D MA100 wasn't touched again for almost 7 months, not before BTC approached the 8.0 Fib extension, completing a +563% rise from that Low. The fractals are virtually identical so far and if the current price action continues to replicate 2020/ 2021, we expect the 1D RSI to hit 90.00 again before retracing. If $100k isn't hit at that time, we will book profits regardless and buy again on the next 1D MA50 contact. Until then, $100k is our next Target. But what do you think? Is 100k a realistic target that soon and if yes can Bitcoin repeat 2021 to its full extent and even reach 250k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
18
ETHUSDT Forecast: The Crucial Breakout ZoneIn the current market landscape, Ethereum (ETH) is at a pivotal point against the USDT, where its ability to gain above a specific price range could dictate the next phase of its journey. A detailed analysis of the ETHUSDT pair suggests that retail investors should closely monitor this range for potential signals of a breakout or further consolidation. The Critical Resistance Zone The first aspect to highlight is the critical resistance zone that ETH must surpass to signal strength and potential for continuation to the upside. This zone is crucial because it represents a confluence of technical indicators, including the upper boundary of a descending channel, a Fibonacci retracement level, and historical resistance points. A decisive close above this range on significant volume could invalidate bearish structures, leading to a potential trend reversal. Implications of a Breakout A breakout above this range would not only signal strength but could also trigger a change in market sentiment from bearish to bullish. It would likely lead to an influx of buying pressure as sidelined investors begin to enter positions, anticipating further upside. Moreover, a successful breakout could shift the focus to the next set of resistance levels, opening the door for ETH to reclaim higher price points not seen in recent weeks. The Role of Whales It's essential to consider the impact of large holders, often referred to as "whales," in this scenario. Historically, these market participants have been known to exert significant influence over price action by either accumulating or distributing their holdings. If ETH fails to sustain a breakout above the critical range, there's a risk that whales could begin offloading their positions onto retail investors, a process colloquially known as "dumping their bags." This action could lead to increased selling pressure, hindering ETH's ability to maintain upward momentum. Key Levels to Watch Investors should keep a close eye on the price action as ETH approaches this crucial resistance zone. A failure to break above could see ETH retest lower support levels, where buying interest has previously emerged. Conversely, a successful breakout could pave the way for a more sustained upward movement, potentially leading to a shift in the overall market structure in favor of the bulls. Conclusion The ETHUSDT pair is at a crossroads, and the actions in the coming days could set the tone for the medium-term market direction. Whether or not Ethereum can gain above the highlighted resistance range will be pivotal. As always, investors should conduct their due diligence and consider managing their risk appropriately, keeping an eye on market dynamics and the actions of significant players within the ecosystem. Note: This analysis is provided for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and investors should always do their research before making any investment decisions.
by SwingSamurai_QMA
2
MPCUSDT Is Partisia Blockchain the next security crypto gem?Partisia Blockchain's (a Web3 public blockchain built for trust, transparency, privacy and sub-second finalization time) listed its MPCUSDT token on multiple exchanges since yesterday. The buzz around it is strong so we took a look at its price action and discovered a potential crypto gem behind it. ** Technical Analysis ** The best time to buy such a token is at the very beginning. And what better pattern to utilize than an Inverse Head and Shoulders (IH&S) right from the very start. As you can see, the price just broke above the initial Lower Highs trend-line, which is about to test it as Support, and we can see a Channel Up already emerging (dotted lines). What better formation to accompany that, than a Bullish Cross between the MA50 (blue trend-line) and MA100 (green trend-line). As long as the RSI holds its Higher Lows trend-line), this is a buy opportunity. In standard technical IH&S fashion, the pattern targets the 2.0 Fibonacci extension from the Head, which is exactly at 0.7500. That would be +80% from the bottom and +40% from the current level, indeed excellent for short-term profit. ** Fundamental Analysis ** But MPCUSDT isn't just here for the short-term. We view this as a long-term project that has the capacity to reach the leaders of the industry. The MPC token derives its name and fundamental principles from multiparty computation technology, a technology that maintains data encryption across all states, ensuring the protection of underlying information and enhancing user control over their data. At its core, the MPC token functions as the cornerstone of the Partisia Blockchain’s security mechanism. The token is staked to all nodes within the network, ensuring the ecosystem's integrity and reliability. Some key points on MPC: - It ensures transparent elections by safeguarding voter data through privacy-preserving on-chain voting. It enables pattern recognition and analysis on secret-shared data, particularly suited for large datasets requiring privacy. This fusion drives unprecedented growth in privacy-preserving AI models, crucial for collaborative machine learning without revealing individual datasets. MPC guarantees secure computations at the edge, essential for IoT security. - In DeFi , MPC addresses financial inclusion and scalability challenges, emphasizing compliance and interoperability. Partisia Blockchain’s quantum-resistant MPC solutions safeguard data against quantum threats, potentially integrating into quantum technologies. MPC shapes decentralized identity solutions, granting individuals control over their digital identities. - In healthcare , MPC facilitates secure collaborative research, expediting breakthrough treatments while safeguarding patient privacy. As the crypto market continues to navigate the complexities of privacy, the integration of Partisia Blockchain into major trading platforms marks a significant moment for the community. It serves as an acknowledgment for projects that are innovative and tackle today's challenges in the fields of privacy and security. The interest on privacy-focused cryptocurrencies has only just begun and the listing of the MPC token serves as a strong reminder and this is a great opportunity for long term investors looking for crypto gems to position themselves early. We are as bullish as it can get on MPC! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
KUCOIN:MPCUSDTLong
by TradingShot
FETUSD Will it correct? Be ready for $10.Fetch.ai (FETUSD) easily hit our last $1.80 target that we set 4 months ago (November 20 2023, see chart below) when the price was still only 0.57: That completed the 2nd wave of the (dotted) Channel Up that started on the November 22 2022 market bottom, which was a Higher Low on the wider, historic Channel Up that goes back to 2020. Now that the 1.5 Fibonacci extension broke, we do expect a new pull-back but not lower than the 1W MA50 (red trend-line), which should act as a Support until this Bull Cycle is over or the 1.0 Fib (which is where the June 22 2021 low bottomed). As a result we are looking for an entry around 1.2000 for a buy that will target the top of the historic Channel Up at $10.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:FETUSDShort
by TradingShot
2
BITCOIN Will 60k hold?Bitcoin (BTCUSD) is having so far its strongest correction (almost -15%) in 2 months (since the January 23 2024 Low) with the 1D RSI turning neutral (was overbought last week) after forming Lower Highs (i.e. a Bearish Divergence). The dominant pattern is still a Channel Up, supported by the 1D MA50 (blue trend-line) and last time we saw such an RSI Bearish Divergence was during the previous Channel Up (October 13 2023 - January 11 2024) but turned out to be false and the trend continued upwards. This time though the pull-back appears to be stronger, similar to January 12 2024, which broke the previous Channel Up and made a bearish move towards the 0.382 Fibonacci retracement level. As a result we are looking for a pull-back extension near Support 1 (59500) and the 0.382 Fib, which is marginally below it, where the 1D MA50 is headed. This is the strongest Support Cluster possible on the short-term and if it holds, the bullish trend of the Channel Up should be maintained and the potential rebound can target $90000 around the time of the Halving. If however the price closes a 1D candle below the 0.382 Fib, we will be looking towards a 1D MA200 (orange trend-line) test around 45000, before the bullish trend is resumed. Notice also that technically the 44.90 - 36.00 1D RSI Support Zone has been a buy opportunity since for the past 6 months. Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
9
AVAXUSD $104 is the minimum target on this run.Avalanche (AVAXUSD) has been trading within a Channel Up since the October 19 2023 Low and at the moment is halfway through its 2nd Bullish Leg of the sequence. So far it has been replicating to a fair extent the previous Leg, trading above the 1D MA50 (blue trend-line), which shouldn't be touched again before the next peak. If it continues to repeat the sequence, then we can see $155 as a peak (Higher High), since the previous leg topped at around +470% from the bottom. We take a more conservative target however, aiming for the April 02 2022 High at $104. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AVAXUSDLong
by TradingShot
7
VXV Main trend (part). Working with HYIP altcoins in the past.Logarithm. Time frame 3 days. The coin as an example of the logic of the chart now and work on similar cryptocurrencies with "pump towers" (hype, deception about the prospects) in the past market cycle. The chart shows the main trend (part). The first part of the chart is missing, namely the long accumulation phase of 0.08 -0.2$ (almost a year and a half) before the +11,000% dump under the HYIP of "AI projects". This is what it all looks like on a line chart of the price. Major trend (part) is the probability of a pump bowl. Rational 1 part (liquidity). If this is realized, the price is now at the end of the second phase of its formation, i.e. conditional accumulation. Second trend - the price is in the descending channel at its upper part of resistance. Also a part of the chart period can act as a horizontal channel of accumulation (the 2nd phase of the bowl if it will be realized), with the zone of capitulation (breakthrough of the former support 0.26 to 0.16 and the price return back). Now the price is at its meridian 0.5, that is at the average price of the channel. Local trend. - a potential ascending pennant with the base of the flagpole from the surrender zone of 0.16$, provided that the logic of the "canvas" of this figure will be preserved and the local "head and shoulders" is not realized (marked on the chart). Key reversal zones are similarly shown and percentages of them for orientation. Important. TA, that is, the logic of the chart due to low liquidity and the fact that most of the positions of the creators of this cryptocurrency (team) and “investors” were “distributed” to hamsters earlier in the last cycle and there is no particularly speculative interest now to develop the project. Only an increase in the prices of the entire market can correct this. Due to the loss of liquidity and capitalization, technical analysis (TA) is conditional. It's also worth noting that this cryptocurrency was created purely for this AI hype in the last cycle. If it in the news background of the market repeats (high probability), then all such cryptocurrencies will pump. The AI HYIP could be in any phase of a bull market both participation and phase 1 distribution zone. 2024 is not the highs but the beginning of the participation phase (exit from accumulation zones and rise to distribution zones). 2025 is distribution and price highs. April through June. August (some "long-awaited assets", HYIP). November - December. Trading strategy on similar ones . It is advisable to work from support and resistance zones, taking into account the average price of your set of coins / and reset. A pre-allocated amount that you are willing to risk, since such cryptocurrencies are often scammed. Stop loss strategies are useless here due to low liquidity and frequent price slippage by a significant percentage. A coin for the classic medium/long-term dump/dump strategy of low-liquidity, high-risk cryptocurrencies in spot trading. Speculative legend to create a +11,000% pump tower on the chart in the past with the same -99% collapse: Vectorspace AI provides valuable correlation matrix datasets to enable researchers to accelerate their data-driven innovation and discovery with patented NLP/NLU. Customers save time in the research cycle by quickly testing hypotheses and running experiments with higher throughput. Vectorspace AI originated in the Life Sciences Division. Lawrence Berkeley National Laboratory (LBNL), whose founders developed patents that drive the company's innovation for various academic institutions. Quite possibly under a general bull cycle and given that this cryptocurrency has low liquidity a significant pump again is possible. But, an order of magnitude less than in the past (targets shown), when cryptocurrency creators and "investors" exited (sold) at growth (not at the peak) on the AI HYIP... Pump/dump and liquidity . Remember, if pumping repeats by a very large percentage as in the past (not likely), there will be no liquidity in the at all. That is, even not a large amount of money you may not be able to sell at the peaks, so that the price does not fall down by a large percentage. Therefore, it is rational to sell where there is substantial profit, positive news background and liquidity, which is created by purchases of "hamsters". Many people want to guess the exact time of correction or pump.... When everyone waits — nothing happens. When they stop waiting — it starts. Therefore, you should not guess and wait for something, you should build your trading strategy and risk management so that you do not care when and where the price will go. This is the most rational and optimal way for a trader.
Long
by SpartaBTC
7
BITCOIN This dump will truly test the strength of the rally!Bitcoin (BTCUSD) declined from the fresh 73700 All Time High (ATH) back to 65600 in a matter of a few hours, breaking below the 4H MA50 (blue trend-line), entering the green Ichimoku Cloud for the first time this month, while touching the bottom of the short-term Channel Up pattern. This is the 2nd Higher Low for the pattern and now is the time for the trend to test the strength of this rally. As long as the candles close inside the Channel Up, we expect the bullish trend to continue and make a break-out attempt even to the 3.0 Fibonacci extension (90000), similar to the Channel Up bullish break-out that delivered the December 09 2023 High. The two patterns share many similarities not just on their price action and MA periods involved but also on their RSI sequences. If the Channel Up breaks to the downside though, we expect a quick test of Support 1 and will pursue a 60000 Target that should test the 4H MA200 (orange trend-line). Then, as long as the 1D MA50 (red trend-line) holds, we can look forward to a bullish reversal and higher accumulation towards yet another ATH near the end of the month or at worst first week of April. Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
8
Ascending PROFITS: A Bullish Breakout Play for Compound (COMP)BINANCE:COMPUSDT shows a bullish setup with the potential for continuation. COMP is making strides above its EMAs and breaking out from an ascending triangle pattern—a classic bullish signal. The RSI backs this momentum, comfortably below overbought levels, providing the confidence needed for a long position. With crucial support zones established, COMP's chart points to a narrative of strength and upward potential, inviting a strategic entry for those looking to capitalize on the promising technicals within the altcoin sector. Arguments speaking for this Long trade and why am i taking it: Trendlines: The price action has formed an ascending triangle pattern, which is generally considered a bullish continuation pattern. The horizontal line represents resistance levels that the price has tested multiple times without breaking through, without consideringh the latest BINANCE:BTCUSDT volatile move that resulted in that fake break. Exponential Moving Averages: The price is above the 2 Exponential Moving Averages (EMAs), suggesting a bullish trend. The EMAs also appear to have provided dynamic support during recent price dips. RSI: The Relative Strength Index is hovering around the 60 level, which suggests bullish momentum is present but not yet overextended into overbought territory (above 70). Breakout: There appears to be a breakout that happened already alongside with a small retest of the resistance. I believe it is all set to moon now after this move. Support Zone: There are visible support zones marked by rectangles, indicating areas where the price has previously found buyers. the TA for BINANCE:COMPUSDT reveals a promising scenario for potential upside movement. The breakout from an ascending triangle pattern, accompanied by the price's position above the EMAs and a supportive RSI, presents a classic bullish signal in the world of trading. While the excitement of such technical setups is undeniable, you are reminded to remain disciplined, factoring in the broader market sentiment and adhering to a robust risk management strategy. As with any trade, the importance of confirmation, alongside a well-considered entry and exit plan, cannot be overstated. As for me as usual, i am going only for a 200% TPR and not greeding on this one as well. Good Luck
Long
by Lucas_CryptoLab
2
WIFUSD The frenzy is approaching a technical Resistance.Dogwifhat (WIFUSD) has been the revelation of the last 3 weeks as during that time it grew by more than +1000%. This rally is mostly euphoria driven and the frenzy may very well push even higher. But we can't neglect the technical Resistance levels along the way. The strongest of them is the top (Higher Highs trend-line) of the Channel Up pattern since it first started trading. The 1D MACD formed a Bearish into Bullish Cross pattern and last time we saw this was on January 25 2024, when the price started pulling back. In that sense, a short-term correction back to the 1D MA50 (blue trend-line) and Support 1 (1.01500) is a realistic scenario if the market is to find new buyers. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:WIFUSDShort
by TradingShot
2
SOLUSD You were warned about it. 1st ever 1W Golden Cross formedSolana (SOLUSD) broke above its former Channel Up as we explained on our last bullish call (December 08 2023, see chart below) and hit last week our 144.000 Target: Right now it is best to take a step back and view SOL's price action on the 1W time-frame, where the clear long-term trend is revealed, and that's bullish within a Channel Up pattern. The Fibonacci Channel levels reveal that it is still in its early stages within the 0.236 - 0.382 Fibonacci range. On top of that, it just formed its first ever 1W Golden Cross! This is an incredibly bullish pattern and we expect the whole bull run to peak at atleast +5150% from the market bottom just as the November 2021 Top did. As a result, our Target is $4000. Note that every pull-back inside the 1W CCI green zone, is a long-term buy opportunity. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSDLong
by TradingShot
23
BONKUSD broke out and is targeting 0.00045BONK (BONKUSD) broke above its December 15 2023 High and as it has turned the 1D MA50 (blue trend-line) into Support following the Falling Wedge break-out, it is now aiming for a new High. Based on the 1D RSI price action, we might be at a post accumulation rally as in early November. That rally peaked marginally below the 3.0 Fibonacci extension from the start of the previous Falling Wedge. The new 3.0 Fib extension is at 0.00045 and that is our target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BONKUSDLong
by TradingShot
2
STARKNET Ascending Triumph: The Bullish Case for STRK/USDTThe BINANCE:STRKUSDT pair as it displays a symphony of technical indicators aligning for a potential bullish breakout. This analysis unpacks the vibrant tapestry of patterns and signals that converge to form a compelling case for a long trade entry. Now Let's dive into the reasons why to Consider this Long Trade: Ascending Triangle Formation: The price has been forming higher lows, indicative of an ascending triangle pattern, a traditional bullish continuation signal, suggesting upward momentum. Consolidation Above Support: The consolidation above the key support level (marked with the lower horizontal line) hints at accumulation and a strong buyer presence. Moving Averages Alignment: The price is trending above both the 50-period and 200-period moving averages, a sign of a strong bullish trend. Breakout Potential: The technical setup is accompanied by a bullish arrow indicating a potential for breakout above the triangle’s upper boundary that we might seen in the next few hours or next few days. After the breakout the upward trend will be big. Measured Move: The projected target for the trade is illustrated by the vertical line opposite the triangle's base, transferred to the breakout point, implying a significant potential upside. Risk Management Zone: The red shaded area indicates a possible zone for setting stop losses, ensuring a calculated risk approach. As you all know, i only go for a 200% TPR here without geeding or risking too much. This way we keep it safe and clean. Market Sentiment: General market sentiment around STRK/USDT may be bullish based on the setup, which can encourage additional buying pressure, especially after the recent bullish tweets that we are seeing from bgi twitter influencers. Remember, while this analysis presents an optimistic scenario for a long position in STRK/USDT, it is crucial to conduct your due diligence and consider any potential market changes or news that could impact the trade. Trading involves risk, and it is important to trade with capital that you are prepared to lose. Always use proper risk management techniques and consider the size of your position relative to your overall portfolio. Good Luck
Long
by Lucas_CryptoLab
1
BITCOIN The ETF multiyear rally has only just begun(Gold's case)With Bitcoin's (BTCUSD) continuous bullish run, day after day, running basically the 7th straight green month, we thought it may be a good time to put things into a greater perspective from a macro point of view, as many seem confused over this hyper aggressive bullish sentiment. The reason is one and one alone and has a very short name: E T F Yes, everyone that is following the market knows that on January 11 2024, the first Bitcoin ETF was launched on the U.S. market and after a quick dip, the price has been rising every since. Other macro factors are playing their role, such as the AI technological innovation, the upcoming Halving, the anticipation of Fed rate cuts by June etc. But BTC has never made a new All Time High (ATH) before the Halving before, and this is primarily attributed to the ETFs introduction. What better case to compare Bitcoin's price action to Gold's following its own ETF launch. That was done on March 28 2003 and the result you can see on the right hand chart. Gold used its 1W MA50 (blue trend-line) as a Support to fuel an 8 year parabolic rally, which only broken during the shock of the 2008 Housing Crisis, but still managed to recover the extend the rally until August 2011. That peak almost on the 4.0 Fibonacci extension level from the High (January 1996) that preceded Gold's ETF. If Bitcoin follows a similar trend to Gold's (note that Gold's market cap is around $14.530 Trillion, while BTC's is 'only' $1.445 Trillion), it can reach and even surpass emphatically the $1000000 mark (the 4.0 Fib for Bitcoin is at $6 million). Crazy as this may sound (well that's Bitcoin's life story, everything has been 'crazy' at $1, then $10, $100, it was deemed expensive by some even at $1000 and so on), there is no time restriction nor the necessity to reach seemingly extraordinary levels in 8 years or 10. As the market matures, fiat currencies are devalued by more inflation etc, and adoption is accelerated, this may be a process that takes up 15, 20, 30 years. The key, not just for fund managers but also average investors, is to hold Bitcoin in their portfolios just as it has been paying off since 2003 to hold Gold. Buy what do you think about these two assets and their potential similarities of their post ETF trends? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
16
SKL/USDT: A Crucial Resistance Test AwaitsAnalysis Overview: As we step into a decisive phase for SKL/USDT on the weekly timeframe, our attention is drawn to a critical resistance level that's been a formidable barrier in past trading sessions. The digital asset now faces a pivotal moment: a break and hold above this resistance could pave the way for a bullish continuation, but the journey is laden with both opportunities and challenges. Let's dive deep into the technicals that shape our trade plan, incorporating essential price action cues and indicators to navigate the waters ahead. Key Resistance in Focus: Our analysis hones in on the crucial resistance zone that SKL/USDT is currently challenging. This level, historically, has acted as a significant pivot point, dictating short to medium-term market directions. A conclusive break above this resistance, accompanied by increased trading volume, could signal the start of a new bullish chapter for SKL/USDT. Price Action Cues: Candlestick Patterns: We're closely monitoring the formation of bullish candlestick patterns near the resistance level. Patterns such as a bullish engulfing or a breakaway gap could serve as early indicators of a successful resistance breach. Trend Analysis: The emergence of higher highs and higher lows following a breakout would confirm a bullish trend reversal. This shift in market structure is paramount for traders aiming to capitalize on early signs of momentum. Volume Analysis: An uptick in trading volume accompanying the resistance breach would add credence to the breakout's validity, suggesting a strong buyer conviction behind the move. Technical Indicators to Watch: RSI (Relative Strength Index): An RSI breakout above 60 could indicate growing bullish momentum, adding further confirmation to our breakout hypothesis. MACD (Moving Average Convergence Divergence): A bullish MACD crossover, particularly above the zero line, would underscore the strength behind the upward move. Fibonacci Retracements: Should a breakout occur, Fibonacci levels will serve as key targets and potential reversal points, guiding our profit-taking strategy. Trading Strategy: Our trade plan hinges on a clear break and hold above the resistance. Entry points should be considered post-breakout to mitigate the risk of false signals. Stop losses are advised below the breakout level to protect against potential reversals. Profit targets can be established at subsequent Fibonacci extension levels, adjusting for market feedback and momentum indicators. Risk Management: Given the volatile nature of cryptocurrency markets, employing a disciplined risk management strategy is essential. This includes setting appropriate stop losses, not over-leveraging positions, and taking profits at predefined levels to preserve capital. Conclusion: SKL/USDT is at a crossroads, with its immediate future largely dependent on the outcome at this critical resistance level. While a breakout could open the door to significant gains, traders must navigate with caution, employing a sound technical analysis framework and risk management practices. As always, keep an eye on broader market sentiment and news flow, as external factors can significantly influence price action. This trade plan aims to blend technical analysis with practical trading strategies, providing crypto traders with insights and a roadmap for navigating the current SKL/USDT setup. Remember, while technical analysis can offer valuable insights, it's important to stay adaptable and responsive to market changes.
Long
by SwingSamurai_QMA