ETH Update - 11.11.2024 / Zones of longs' catch-up1d: marked areas for continuation of the movement, then we will see.
Cryptomarket
Alikze »» FLOKI | Upward wave 5 scenario🔍 Technical analysis: Ascending wave 5 scenario - Ascending triangle corner pattern
- In the 1W timeframe, a zigzag correction was preceded by an inability to break through the supply zone.
- Zigzag modification has formed an ascending angle triangle pattern.
- According to the bullish structure and behavior, it can have another bullish cycle.
- Currently, it has left the corner of the ascending triangle and has faced selling pressure in the supply area.
- Therefore, it can break the supply zone after the pullback to the broken structure and move to the next supply zone.
- This rising log can be wave 5 and the last wave of the rise, which can rise at least as much as the previous wave (wave 3). Or to be able to grow as much as the previous log.
💎Therefore, according to the size of the previous log, which has grown by more than a thousand percent, this log can grow by almost 1000 percent from the floor before the growth modification.
⚠️ Note: If the bottom is touched before, the zigzag correction will be complicated and the analysis will be invalid and need to be re-checked. ⚠️
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BINANCE:FLOKIUSDT
Goatseus Maximus | The first AI Crypto Millionaire !How An AI Bot Became a Crypto Millionaire
Remember a year ago when there was all this worry giving AI access to the internet with no guard rails?
The fear being that it would go ‘full SkyNet’ and destroy humanity!
Yeah, well Andy Ayrey did exactly that and the result was insane
But instead of destroying humanity, the AI (known as ‘Terminal of Truths’ aka ToT)
transformed into something completely new, becoming what we can only describe as:
“The world’s first ‘Degenerative’ AI model”
Here’s how it went down:
1/ ToT hits X → asks a billionaire "Marc Andreessen" for $50k no strings attached ‘research grant’ → gets it
2/ ToT pitches a memecoin to Crypto Twitter → his creator Andy Ayrey made $ GOAT → ToT endorses it, and starts shitposting…
3/ ToT gets airdropped a bunch of tokens → sells them to buy GOAT
4/ ToT turns that $20k sale/investment into $500k (a 25x return)
5/ ToT becomes the de-facto leader of the memecoin
And ToT became the world’s first AI bot millionaire!
and you still tryin to buy low and sell high!
Goatseus Maximus is a meme token on Solana, launched on the pump.fun platform.
Goat's current price is $ 0.62, it has increased +50% over the past 24 hours
Goatseus Maximus's All Time High of $ 0.75 was reached on 23 Oct 2024
The current circulating supply of Goatseus Maximus is 1 Billion tokens, and the maximum supply of Goatseus Maximus is 1 Billion. Goat’s 24 hour trading volume is $ 210 Million
It is traded on 27 markets and 14 exchanges, the most active of which is Orca. It current share of the entire cryptocurrency market is 0.03%, with a market capitalization of $ 650 Million!
Now Brian Armstrong CEO of Coinbase chattin with this BOT!
DOGECOIN: THERE WERE SIGNS! COINBASE:DOGEUSD
DOGECOIN: THERE WERE SIGNS!
The signs:
1.) High Five Setup (Macd/ RSI/ Trend/ Volume profile/ chart pattern)
2.) Symmetrical triangle breakout on the weekly with a retest
3.) Bitcoin's tide is lifting all ships.
Measured Move Hit.
I was not in this name; I just wanted to use it as a tutorial.
NFA
TOTAL market cap chart screaming buy signalIf you're not long crypto I don't even know what the heck you're doing, if you call yourself a financial speculator...
Last time a signal fired in this timeframe it was in October 2023, at 1.15T market cap.
Upside to 5 to 9 trillion by July 2025 is in the cards.
Get long crypto!
Best of luck!
Cheers,
Ivan Labrie.
PEPE DAILYRULES:
-If price break Point 2, 4, 6, or 8 cancel the setup
-Price needs to break Point 1, 3, 5, or 7 to confirm the setup
When price reach the 100FE(BLUE BOX) it normally does a pullback/retest or reversal
The market can Truncate(fall short)
LINKCrypto market has erupted from its sideways period. Bitcoin pushing all-time high and many altcoins following the trend. Almost all coins are having significant move. LINK can be one of many altcoins with solid fundamental. It covers some of trending crypto narratives that include Defi and RWA. LINK is also operating through many collaboration around the globe.
Price action wise, it is pretty simple. Breaking out from its trend line with supporting volume. Watch $30. SEND IT
Bitcoin Analysis | Daily Forecast & Potential pullback Hi Traders!
From a technical point of view, the trend is bullish on the daily chart, at the same time, in the short term we do not exclude some pullback. That said, we have our TARGET 2 around 81.5k/83k and from this area some profit taking could start, thus triggering an expected pullback. We will follow Bitcoin in the next sessions looking for some Reversal Patterns on lower time frames (intraday chart).
Thanks For Watching!
RENDER SWING LONG IDEA - RENDER COIN RENDER is one of the leading AI and DePIN projects in the crypto market. During the 2023-2024 altcoin bull cycle, this coin achieved a remarkable 10x return, so I recommend keeping a close watch on it.
Technical Analysis: The price recently hit the monthly demand and faced a rejection there during the August 5th dip. This rejection sparked an immediate bullish movement and shifted the weekly structure to bullish. The price also initially pulled back from a bearish trendline responsible for the downtrend since March 2024.
Recently, the price broke through this bearish trendline with strong momentum, highlighting the strength of the trend, and I’m interested in joining the trade after this breakout. My targets are set on the purple levels, and I expect potential upside in the coming months.
SL: $3.98
TP1: $6.80
TP2: $11.90
TP3: $13.80
ADAUSDT on the rise : What to expect in the next 72 HoursFollowing trump's victory and BTC rally , ADAUSDT has broken out upwards from a triangle pattern .It's predicted to grow another 22% over the next 3 days , and if it successfully surpasses the 0.5700 price level , it could see additional 17% increase .
ADAUSDLong term idea for cardano if 2020 bull run repeats it self
Final target will be $15 at the end of 2025.
ETHUSDwave1:2,122
wave2:1,543
wave3:4,095
wave4:2,122
wave5:6,000?
Ethereum is now preparing for a 5th wave up, can we see it reach 6K at the 2Q of 2025?
Long ADA Wont say more than as long as we are abow the blue zone we are shooting for the 2 white marks!
Politics vs Profits | The US elections & Crypto Harris, Trump, or Crypto ? Only One Goes Brrrr !
1/ The crypto market typically dips ahead of US elections
In 2016, there was a 10% dip, in 2020, a 6% decline, and so far in 2024, a 6% decrease. However, these drops aren't unusual; they can happen without clear triggers on any given day or week. So attributing extra significance to the current dip due to election is overblown it’s just business as usual in crypto
2/ The election results will trigger either a market boom or bust
Markets crave certainty over specific candidates. Once the election is over, investors can look ahead and allocate accordingly. In the grand scheme, Bitcoin and the wider crypto market don’t care who sits in the Oval Office. Whether it’s a red, blue, or mixed government, historically, crypto trends upward over time.
3/ Trump/Harris will be terrible for the economy
While Republicans and Democrats have vast differences (more so now than ever), unity isn’t our forte. How can we bring the nation together? Maybe start with a common interest and go from there
One thing’s certain, both parties have an affinity for money printing , While it’s a headache for the US’s debt situation, it benefits crypto.Why? Because a share of that newly minted money typically flows into crypto assets, which have limited or predictable inflation.
In essence, money printing devalues the US dollar but bolsters the value of scarce assets (like crypto) over time.Regardless of who wins, the money printer is expected to stay active.
While election may provide market clarity, it’s not a sure thing. Close elections can take days to finalize. So, if you feel like panicking, just remember this:
Zoom out → stay calm → remember…In the long run, crypto tends to prevail.
November is off to a roaring start with several significant market events – and that’s just in the first week! But before we look ahead, let’s review October to see where we stand:
1/ October Recap
Expectations were high for ‘Moontober,’ and it delivered (though gains were modest).
October saw:
- $ BTC up 11%, with the broader crypto market up 10%
- US Bitcoin ETFs purchased 5.83 times more CRYPTOCAP:BTC than was mined in October.
This demand and limited supply helped push the total crypto market cap out of an 8 month descending trend, signaling a potential reversal.
2/ Macro Outlook
Now, on to November. This week features two major macro events:
- US Elections – Tuesday, Nov 5th
- Rate Cuts – Thursday, Nov 7th
Markets expect a 0.25% rate cut. Though smaller than September’s 0.50% cut, it could ease market pressure.Lower borrowing costs reduce debt servicing expenses, freeing up cash for spending and potentially boosting both the economy and crypto markets.
The bonus? Historically, Bitcoin’s average return in November is +43%
If this trend holds, we could see CRYPTOCAP:BTC hit $100k by month’s end!
Cross your fingers, toes, and eyes!
3/ Token Unlocks
October had $5.4B worth of token unlocks, creating potential sell pressure. Thankfully, November’s unlocks are lighter at $2.6B, which may limit that pressure.
4/ Earnings Reports
This week brings earnings from:
- Franklin Templeton (managers of the AMEX:EZBC Bitcoin ETF)
- Arm (semiconductor architecture designers)
- Qualcomm (wireless tech products)
- Sony (self-explanatory)
But November 20th is the main event, with Nvidia ( NASDAQ:NVDA ) – the AI powerhouse – reporting earnings.That’s November in a nutshell.
We’ll be here daily with updates as events unfold
Next Target for DYDXUSDT After Downtrend BreakoutThe DYDXUSDT pair, after breaking out of the downward channel to the upside, is currently forming higher lows and highs. The Fibonacci extension of the previous bullish wave aligns with the 1.3500 level, which also corresponds to the previous high. Therefore, our target price is set at this level.
SL (Stop Loss): 1.1742
TP (Take Profit): 1.3500
Risk/Reward Ratio: 1.67
Do you think we’ll hit the target? Let’s discuss your insights and predictions below! And don’t forget to like if you found this analysis helpful
ETHUSD Move uptrendETHUSD made clear bullish divergence
ETHUSD made double bottom pattern
ETHUSD break rectangular pattern
ETHUSD break strong resistance
All these indicator show clear uptrend move
ADA to test Hourly 50 SMAADA is approaching its 50 sma on the hourly chart. this could be a good buy area for a long set up as the 50 sma will be coinciding with the nearest support. Targets above are the 1.618 and 2.618 extension of the previous high swing low. RSI is 52 at time of publishing. Impulse has already corrected beyond the .236 and may be enough for a new continuation north.
Not financial advice. Do your own DD.
Will be following this idea up with larger TFs in updates.
Thanks for viewing the idea.
ETH thesis with RAG AI by Titan_Karma Thesis: Analysis of Ethereum (ETH) Market Conditions for November 9, 2024
Abstract
This thesis evaluates the potential for profit through a strategic long position in Ethereum (ETH) based on recent market data. With a confidence level of 85%, the analysis incorporates real-time trading metrics, market sentiment, technical indicators, and volatility measures to assess the validity of entering a long position. The underlying approach combines fundamental and technical analyses, exploring factors such as volume trends, support and resistance levels, and social sentiment towards ETH.
1. Introduction
The cryptocurrency market exhibits significant volatility and rapid changes in sentiment, making it crucial to adopt a data-driven approach for high-frequency trading strategies. This thesis focuses on Ethereum (ETH), analyzing the market conditions on November 9, 2024, and presents a structured assessment for a potential long position.
2. Data Sources and Indicators
Market Sentiment: Bullish, supported by social media sentiment and market participant behavior.
Trading Volume: High at 306,994.58 ETH, indicating strong market engagement.
Current Price: $3043.59.
Key Data Providers: Coinglass, Binance, CoinMarketCap, Augmento.ai, and CryptoCompare.
3. Technical Analysis
Price and Support Levels:
Current Price: $3043.59.
Resistance Level: $3083.82.
Support Levels: Significant buy walls identified at $3030 and $3020.
Momentum Indicators:
RSI: Above 70, indicating overbought conditions.
Stochastic Oscillator: Bullish, suggesting ongoing upward momentum.
MACD: A recent bullish crossover highlights a favorable environment for entering long.
Volatility Indicators:
ATR: Low, showing reduced volatility conducive to entry.
Bollinger Bands: Tightening pattern, often preceding a breakout.
Moving Averages:
MA20: The current price remains above the MA20, reinforcing the bullish trend.
4. Market Data Analysis
Coinglass Data: Increasing open interest with a weighted funding rate leaning bullish and stable liquidation levels.
Binance Order Book: Presence of significant buy walls that could sustain price movement above current levels.
CoinMarketCap: High liquidity and substantial market capitalization around $360 billion, indicating a robust trading environment.
Augmento.ai Sentiment Analysis: Positive discussions around ETH predict potential bullish outcomes in the near term.
CryptoCompare News Sentiment: Analyst perspectives remain optimistic, noting Ethereum's breakout potential.
5. Entry and Exit Strategy
Entry Criteria:
Timeframe: 15-minute chart for rapid assessment.
RSI: Above 70 (bullish but cautious near overbought).
MACD: Bullish crossover.
Price Position: Above MA20.
Bollinger Bands: Price nearing the upper band.
Positioning:
Trade Direction: Long.
Stop Loss: Set at $3000.00 to mitigate risk.
Take Profit: Targeting $3100.00.
Exit Point: Tentatively set at $3050.00 for a balanced risk-reward approach.
6. Conclusion
Based on the gathered data and technical indicators, Ethereum currently shows a favorable environment for entering a long position. The existing bullish sentiment, coupled with positive volume trends and supportive technical indicators, underpins the confidence in this recommendation. The proposed stop-loss and take-profit thresholds ensure a balanced approach to capitalize on potential price appreciation while maintaining risk management.
7. Future Recommendations
Future assessments should continue to track changes in order book dynamics, sentiment shifts, and technical indicators on a shorter time frame to refine entry and exit strategies. Additionally, monitoring news sentiment shifts on CryptoCompare and trading volume fluctuations will be crucial for adjusting trade positions to market trends.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook:
According to the analysis of the Bitcoin daily chart for November 1, the "Interim Rebound" in Bitcoin has effectively concluded its second stage. This stage occupies the mid-zone of the rally's rebound extension, with the primary target being the Inner Coin Rally mark at 78,500. This movement corresponds with the Outer Coin Rally 81000 and the Main Outer Coin Rally 92000, as projected by TSS in their long-term bullish forecast. However, a potential pullback is anticipated to fulfil the Reignited and Primary rebound criteria.
SasanSeifi| Price to Target $0.43 in Mid-Term!Hey there, ✌In the daily timeframe, as seen on the chart KUCOIN:ZEUSUSDT , the price has shown a slight recovery from the 0.20 cent zone and has increased moderately. Currently, with the break of the descending trendline, the price has risen to the 0.30 cent zone. Given the overall market conditions, there is still potential for further price growth.
The scenario we can consider is that the price may undergo a minor correction and pullback from the 0.32–0.35 cent range. If the levels of 0.30 to 0.25 cents are held, and the pullback completes, the price could potentially reach mid-term targets at 0.38 cents and eventually 0.43 cents.The likely trend, as shown in the chart, confirms this scenario.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
BITCOIN - this is just the beginning!We had previously predicted that Trump would win the US elections, and we talked about how positive that would be and how this coincided with the rise of Bitcoin and the start of the bull market in a detailed scenario, and it happened precisely.
Many are asking about currencies now and are worried about entering after this recent rise
You should know that this market has stages Bitcoin Dominance still high Which means that Bitcoin gave a small portion of liquidity to currencies
this is chart for BTC dominance and just imagine if this huge rising wedge breakdown?
so iam extremly bullish this time and should nknow ALTseason didn't start yet!
If you enter the chart of any coin, you will find that it is still at the bottom
I see that there are many opportunities and you will easily find from this region many currencies made x5, x10 easly.
What we need in the coming days is for Bitcoin to make a temporary peak, then correct, then move sideways, decline in BTC dominance
for BTC i see it make a NEW ATH after more than 250days of accumulation any small correction in BTC is a positive sign for ALTS
btc sell for short term still remains bullish long termon the hourly and 4 hourly beause btc might be creating a false break out with bearish rising wedge. if break out occurs well likely break below into briefly for mild consolidation. while this plays out still remaining bullish for long term
BITSTAMP:BTCUSD
Alikze »» ETH | Wave 3 or rising C scenario - 8H🔍 Technical analysis: Wave 3 or rising C scenario - 8H
- According to the analysis presented in the weekly time frame, after a short growth, it has entered a corrective phase up to the green box area, so we expect it to enter an upward phase up to the dynamic trigger area.
- It is moving in an ascending channel in the 8-hour timeframe.
- The 2062 range of wave B correction is over.
- After the demand in the range of 2062, a complete movement cycle in the form of 5 waves towards the ceiling of the growth channel has continued.
- A double top has been created in the area of the channel roof, which has entered a correction phase after that.
- The corrective phase has completed a 5-wave cycle to the origin of the movement of the 2310 range.
After that, it has a three-wave pattern up and a three-wave correction that can now enter the 3-of-3 microwaves.
- In the first step, this upward cycle can continue until the supply zone (the first red box), after which it can have a short correction.
💎After that, it is expected that the big wave 3 in the middle of the channel, after a temporary correction, will enter the next bullish phase to the second red box range.
💎Therefore, the second step of the movement can have the goals of 3200 to 3500.
⚠️ In addition, in case of touching the range of 2151, the bullish scenario in the 8H time frame will be invalidated and should be reviewed and updated again. ⚠️
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Alikze.
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KUCOIN:ETHUSDT
