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POLYUSD Crucial bullish break out. Just 1week MA100 left now.Polymath / POLYUSD crossed over the Falling Resistance, which has been supressing the price during the Bear Cycle since the August 2021 High. In the meantime, the price succesfully crossed also over the 0.236 Fibonacci level. The last Resistance standing is the 1week MA100 (sitting on the 0.382 Fib). If broken, take a buy position and target 0.4775 (Fibonacci 0.618 and September 5th 2022 High). Notice that the 1week MACD is very undervalued, on a Bullish Cross under the 0 mark. Follow us, like the idea and leave a comment below!!
CRYPTO:POLYUSD
by TheCryptagon
3
BTCUSD We're only getting started. Why miss out yet again??Bitcoin / BTCUSD crossed over the 1week MA100 for the first time in 16 months, with that alone being a major bullish signal. It's another long term signal however that tells you a very strong rally is about to start, which you don't want to miss out. The 1week RSI made a rebound on its Rising Support and crossed over the MA level. Similar rebounds on prior Cycles (exception COVID sell off), have been at the start of Bitcoin's parabolic rallies. Noticeably the time distance between all occurences has been almost the same on a slightly increasing rate (perhaps in line with the lengthening Cycle Theory?). The rally is beginning. DON'T MISS OUT. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:BTCUSDLong
by TheCryptagon
HEXUSD Falling Wedge breakout tests the MA100 (1d).HEXUSD crossed over both the 2 month Falling Wedge pattern, as well as the MA50 (1d). This is a clear bullish signal for the long term but the short term is still limited by the MA100 (1d), which is unbroken since May 11th. Trading Plan: 1. Buy after the price crosses over the MA100 (1d). Targets: 1. 0.011800 (Resistance 1). Tips: 1. The RSI (1d) turned quickly overbought over the 70.00 level. That potentially indicates that unless the MA100 (1d) breaks, the market needs a relief pull back or consolidation until those levels get neutral again. Please like, follow and comment!!
CRYPTO:HEXUSD
by TradingBrokersView
2
BTCUSD over the 1W MA100 again after 532 days!It has been 76 weeks (532 days) since BTCUSD traded over the 1W MA100, a Resistance finally broken this week. Even though the weekly closing is critical, this mere breakout itself, opens the way for a Bullish Cross between the MA50 and MA100. The 1W technical outlook is on excellent bullish levels (RSI = 65.377, mACD = 378.900, ADX = 35.081) increasing the high probabilities of such a Bullish Cross. The pattern is so strong that every time Bitcoin formed it, an uptrend started that never looked back and led it to the Cycle's parabolic rally (exception COVID crash which is a different set of fundamentals). Along with that pattern, the 1W MACD always formed a Bullish Cross and as you see, we may only be days away from a new one. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
SOLUSD Strongest rally in 3 months and can hit $32Solana crossed over its 24.735 High of October and as this has been generated on a 1D MA200 rebound, it is extending the strongest bullish sequence since July. Backed up by a very bullish 1D technical outlook (RSI = 69.534, MACD = 0.859, ADX = 19.300) and a 1D MACD Bullish Cross, we are going long again now and target the R1 level (TP = 32.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:SOLUSDLong
by InvestingScope
BTC still in bearish mode.You can disagree with me, but I've seen so many posts lately saying we're going to 200K in a matter of months. I'm sorry to tell you that it's not true at all, although I wish it was true because all of us want to earn money now, or better said... YESTERDAY! :) All of these posts showing a bullish pattern are basing their analysis on the years of the halving, when BTC starts the bullish market. These years are: 2016, 2019, and 2024. Boys, girls, just for you to know, we're still in 2023. This is not financial advice. Do your own research before believing everyone.
COINBASE:BTCUSDShort
by Andbcoin
BLURUSD: Strong bullish breakout over the Falling Wedge BLURUSD crossed today not just over the 1D MA50 for the first time since July 14th but more importantly the top of the Falling Wedge pattern that has never been broken in its history. This turned the 1D timeframe technically overbought (RSI = 70.700). Since however the 1D MACD is on a Bullish Cross under the 0 neutral level, which means that it was massively oversold for a long time and the 1D RSI itself is on a massive Bullish Divergence, we may not see a pullback just yet. It is more likely to hit the 1D MA100. A candle close over it, will be the bullish entry to look for for the medium term. Target the R1 level (TP = 0.39500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BLURUSDLong
by InvestingScope
BTCUSD: Another 6 months of sideways trading. Then...BTCUSD is on a bullish 1D technical outlook and more importantly yesterday's rise pushed the 1W timeframe into technical buy levels (RSI = 55.657, MACD = 575.600, ADX = 23.863). This is more than encouraging as it keeps Bitcoin in Bull Cycle territory, over the 1W MA50. What we should be using as a benchmark is the Halving event. Next one is estimated to be in April 2004, while those prior where on May 11th 2020, July 9th 2016 and November 28th 2012. We are 24 weeks-168 days before the 2024 Halving. At the same time range before all past Halvings, Bitcoin has been on the 1W MA50 at least. This is why it is very uncouraging that we haven't crossed under it despite basically being sideways for 6 whole months. At the time of the past Halvings, the price was at best (historic max) -47.49% from the ATH at the time and at worst (historic low) -60.57%. This provides an estimated price range at the time of the next Halving between 37200 and 27500. That means that most likely we have another 6 months of basically sideways action ahead of us until the April 2024 Halving. Then it should take almost as much time to reach the 69800 ATH. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
2
Crypto Market Can Be Finishing A Corrective ConsolidationCrypto market made nice and clean impulsive rally at the beginning of 2023, which indicates for a bigger recovery after a correction. Well, Crypto market is now in a corrective consolidation since April, which we see it either as a bullish triangle pattern or maybe even slightly deeper and more complex W-X-Y correction. After yesterday's volatility Crypto market firstly jumped higher on the news that SEC approved iShares spot ETF, but then immediately reversed down, when BlackRock confirmed that this is false and that their application is still under review. So, it looks like a short-term spike up only, which means that we should be aware of a new slow down within wave E of a triangle or maybe even for wave »c« of Y of deeper complex W-X-Y corrective decline. Once a correction fully unfolds, we will expect a continuation higher in the Crypto market, ideally at the end of 2023 or beginning of 2024. All the best!
CRYPTOCAP:TOTAL
by ew-forecast
False Bitcoin rumors revealing real market sentimentFake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application. In response to the rumor, BlackRock had to clarify that no decision had been made regarding their ETF application. Even though the rumor has now been debunked, Bitcoin is still up more than 5%, at $28,600, with some movement suggesting that buyers are still willing to prob for more gains. The 10% upside move has perhaps provided us with a preview of what might happen when/ if the SEC eventually approves or rejects BlackRock's Bitcoin ETF application. It could also be argued that we are also getting a glimpse into what could happen if the SEC rejects the application, with targets set at the pre-rumor price of $27,900 the first port of call.
BLACKBULL:BTCUSD
by BlackBull_Markets
12
$OOKI Performing classic bullish divergence$OOKI Performing classic bullish divergence in 1Week Trading Classic Bullish Divergence involves a systematic approach to identifying and executing trades based on this technical pattern. Here's a step-by-step guide on how to trade it: 1. **Identify the Downtrend:** First, you need to confirm that there is a clear downtrend in the asset's price. This means the asset's price should be making a series of lower highs and lower lows. The downtrend is a prerequisite for Classic Bullish Divergence. 2. **Select an Oscillator Indicator:** Choose an oscillator indicator to use in your analysis. Common choices include the Relative Strength Index (RSI), Stochastic Oscillator, and Moving Average Convergence Divergence (MACD). It's recommended to use more than one indicator for confirmation. 3. **Spot the Divergence:** Look for the divergence between the price and the selected oscillator indicator. Classic Bullish Divergence occurs when the price makes lower lows, but the oscillator indicator makes higher lows. This discrepancy signals a potential trend reversal. 4. **Confirm with Other Indicators:** To reduce the risk of false signals, consider using other technical indicators or tools to confirm the divergence. For instance, you might look at trendlines, support levels, or other indicators that suggest a possible reversal. 5. **Plan Your Entry:** Once you've identified a Classic Bullish Divergence and confirmed it with other indicators, plan your entry point. Decide at what price level or under what conditions you will enter a long (buy) trade. Some traders wait for the price to break above a certain level or confirm the divergence with a candlestick pattern. 6. **Set Stop Loss and Take Profit Levels:** Determine your stop-loss order to limit potential losses if the trade goes against you. Likewise, set a take-profit order to lock in profits when the asset's price moves in your favor. These levels should be based on your risk tolerance and the asset's volatility. 7. **Manage Risk:** It's essential to manage your risk when trading. Only risk a small percentage of your trading capital on each trade, typically no more than 1-2% of your total capital. This helps protect your account from significant losses. 8. **Monitor the Trade:** Once you enter the trade, monitor it closely. Pay attention to price movements and the oscillator indicator to gauge the trade's progress. Be ready to adjust your stop loss or take profit levels if necessary. 9. **Exit the Trade:** When the asset's price starts to move in the direction you anticipated, consider taking profits or trailing your stop loss to lock in gains. Alternatively, if the trade is not going as expected, exit with a limited loss based on your predetermined stop loss. 10. **Learn and Improve:** Keep a trading journal to record your trades, including your rationale for entering and exiting. Over time, use this information to refine your trading strategy and improve your decision-making. Remember that trading Classic Bullish Divergence is not a guaranteed success, and it's just one tool in a trader's toolbox. It's important to combine this pattern with other technical and fundamental analysis to make informed trading decisions. Additionally, practice and experience are essential for becoming a successful trader. Classic Bullish Divergence is a technical analysis concept used in the world of financial markets, particularly in trading stocks, forex, and other assets. It refers to a specific pattern observed in price charts that suggests a potential upward reversal in the price of an asset. This pattern is considered bullish because it indicates that the current downtrend may be coming to an end and that a bullish (upward) move could follow. Classic Bullish Divergence typically involves two main components: Price Trend: A downtrend in the price of the asset. This is when the asset's price has been falling over a period of time, creating a series of lower highs and lower lows on the price chart. Oscillator Indicator: An oscillator is a technical indicator used to identify the momentum or strength of a price trend. Common oscillators include the Relative Strength Index (RSI), the Stochastic Oscillator, and the Moving Average Convergence Divergence (MACD). In the case of Bullish Divergence, traders pay close attention to the oscillator indicator. The divergence occurs when the price trend (lower lows) and the oscillator indicator (higher lows) move in opposite directions. In a Classic Bullish Divergence, it means that even though the price continues to make lower lows, the oscillator indicator is making higher lows. This discrepancy between the price action and the indicator suggests that the selling pressure is weakening, and the potential for a trend reversal is increasing. Traders who spot Classic Bullish Divergence may interpret it as a signal to consider buying the asset, expecting a possible upward price reversal. However, it's essential to keep in mind that no trading strategy or pattern is foolproof, and traders often use other indicators and risk management techniques to confirm their decisions. It's also important to note that there are variations of bullish divergence patterns, including Hidden Bullish Divergence, which can occur during an uptrend and may signal a continuation of the bullish trend.
OLong
by Crypto-Adda_Official
LOOMUSD On course to test the All Time High.LOOMUSD crossed over the High of the previous Cycle (0.2650) and got ridiculously overbought even on the 1W timeframe (RSI = 91.375, MACD = 0.029, ADX = 42.981). However this doesn't necessarily mean that it can't go higher and even more so by a significant margin. The 1W MA50 will inevitably cross over the 1W MA200 next week and will form the first ever Golden Cross on the 1W timeframe. That is an incredibly strong bullish signal on its own but coupled with the 1W MACD which shows us that we are potentially around February 8th 2021 in relation to the parabolic rally of the previous Cycle, we can realize that this rally still has fuel in it. We are still long, targeting near the ATH level (TP = 0.7000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:LOOMUSDLong
by InvestingScope
6
BTCUSD On the MA50 (1d) again. Short term buy.Bitcoin hit the MA50 (1d) today after 12 days. For the short term the trend is neutral as this may be a Support but the MA200 (1d) is a Resistance, not allowing any candle closing over it. From a fractal perspective, we may see a rebound similar to April 22nd. Trading Plan: 1. Buy as long as the price is closing over the MA50 (1d). 2. Buy if the price closes a (1d) candle over the MA200 (1d). Targets: 1. 27900 (under the 0.786 Fibonacci). 2. 30800 (Resistance 2). Tips: 1. The price faced an incredibly strong Resistance Zone. It's not just the MA200 91d) but the Falling Resistance as well as the MA100 (1w) which is declining fast towards Resistance (1) and is the utmost Resistance level of the Bear Cycle. A closing above this range, sets Bitcoin on long term bullish track for good. Please like, follow and comment!! Notes: Past trading plan:
BINANCE:BTCUSDLong
by TradingBrokersView
6
RNDRUSD: Small but steady rise. Expect more aggression soon.Render Token has been steadily rising since the August 28th contact on the HL trendline but more importantly the 1W MA50, which held for the second time since the week of March 6th 2023. The 1W technical outlook is neutral (RSI = 53.781, MACD = 0.060, ADX = 33.069) meaning that there is significant upside potential. The Bullish Cross that is about to be formed on the 1W MACD also reveals that this is only the start of a long term leg. We are aiming at the R2 level (TP = 4.25000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:RENDERUSDLong
by InvestingScope
STRAXUSD hit the 1week MA200 after more than a year.Stratis / STRAXUSD hit the 1week MA200 after June 2022. That is also the top of Resistance Zone A and somewhat below Fibonacci 0.382. Technically the strongest Resistance region and what separates the Bear Cycle from the Bull. Even though the coin has long broken the Falling Resistance of the correction cycle, it is still inside the Accumulation range. Only by closing over this Resistance Zone, will it enter into long term bullish grounds. Until it does, sell and target 0.55000 (1week MA50). A highly overbought 1week RSI supports this scenario. If it does close a weekly candle over the MA200, buy and target 1.6500 (under the 0.618 Fibonacci). Follow us, like the idea and leave a comment below!!
CRYPTO:STRAXUSD
by TheCryptagon
4