ALGO/USDT Technical Analysis: Bearish Outlook The price of ALGO/USDT is currently trading at $0.113, which is a 97% decline from its all-time high of $3.31. The chart shows a clear bearish trend, with the price breaking down from the $1.33 level of the rising wedge. The price is now almost 90% down from the breakout level. The price is also trading in a falling...
TVC:DXY has been weaker since our last call, cratering even Lower highs since peak of Sept last year Lower highs in recent trend since Nov 2023 Relative Strength breaking lower AMEX:UUP also shows this as well (The following is not seen here, sorry, pls check profile for more info) Weekly TVC:DXY shows the weakness clearer RSI hasn't been able to break...
This chart shows the total Crypto Market Cap, includes every coin on the market. The Fib levels are drawn from the Covid Crash to the ultimate November Top. Upon the bearmarket retrace we bounced of teh 0.786 support zone to reach current resistance at 0.618. There is a clear uptrend forming, now this is nothing to trade with imo, just important to note that...
As mentioned in the related idea: BTC Dominance broke out and this is the main reason your alts are bleeding. Buy alts when dominance is high and sell them when dominance is low. BTC and ETH dominance both might be breaking out to test 52-57% and 22-25% respectively. Personally i dont think BTC dominance will rise much higher than 52% unlike ETH that might...
So this analysis takes into consideration technical touch points, the Fibonacci retracement to 0.5 and 0.618 is my personal favorite to load up and go Long. For now it seems that support is exactly at 0.5 (22K) and 0.618 (20K) respectively. If we take the bottom of BTC and not 16.3K when the rally started. 3rd touch point on the channel support, waiting to see...
Over the last few weeks I've made several bearish analyses on CAKE. This downwards spiral started mostly because of the April vote which investors hated. As far as I'm concerned, CAKE will only fall further. Apart from the terrible tokenomics, the rest of crypto is looking more bearish than bullish as well. We're placing the stop above the most recent highs,...
This chart shows the total Crypto Market Cap excluding BTC and ETH which at time of writing represent approximately 70% of the market capitalization (look at Dominance for BTC 49% and ETH 20%). The chart indicates a bounce at the levels where we bounced in January 2023. We can surely drop lower, BTC dominance and ETH dominance may possibly breakout more to the...
From my previous idea about BTC, I added we might see a retest of the 26k region which happened as it didn't break above 26500 yesterday before dropping again so it means the wick on the weekly chart is not a lot and it has been covered by the early drop this morning so I expect a good movement upward from here this is considering DXY will be crashing more...
The price has hit the daily support and bounced from there. Did not look at that support level as the move down happened quick. But it bounced good from the daily support level 1DS1. I will long on a revisit of the price to or around this zone towards the daily resistance.
The price has hit the daily resistance DR1. It is likely that the price will be pushed back from there. The next hourly support is around 26060 and I think price will head there. Therefore, the target of this short trade should be 26060. The price has already been pushed significantly while penning this idea.
#SANDUSDT Profit Analysis Update: NYSE:SAND is currently trading at $0.39, which represents a 37% decrease from our previous analysis. If you followed our suggestion to short, we hope you earned significant profits. However, even if you didn't short, you still saved your money as it's now down by 37% from that level. The impact of the SEC lawsuit has caused a...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for Bitcoin. 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!. All Strategies Are Good; If Managed Properly! ~Rich
Hello friends, based on my indicators within the daily and weekly time frame, it looks like we have to go even lower, minimal BTC according to the drawing, alts there, I think some will still bleed a lot. Then maybe it will be time to go a little higher again. Going forward, I am counting on the fact that this descending triangle will fail and the support around...
BXX, the interest-free secured lending that can become a trend, has the potential to become a significant trend in the near future. This coin exhibits intriguing characteristics in terms of data structure, and based on our predictions, it could reach a market capitalization of over 20 million dollars by 2024. One notable aspect to consider is the growth of...
Bitcoin's price experienced a sudden drop to $25,500 within just one hour on June 5, following the SEC's lawsuit against Binance and its CEO, Changpeng Zhao (CZ). The regulatory action accusing Binance of violating federal securities laws has left BTC bulls uncertain about the market's lowest point. While Bitcoin managed to hold the $25,500 support level,...
This is the Monthly RSI chart for Bitcoin It shows descending peaks. Which could be a sign of BTCUSD becoming more stable as an asset with less volatility. Or it could be a sign of the bubble Bitcoin is in. I wonder how things will progress from here. Will we see another peak? or is the rule of three appropriate here? When you look at the RSI Monthly on ETH, two...
Inverted H&S patterns on the RSI, very similar to each other despite their difference in time. This may suggest we are on the cusp of a great bull run as was seen following the first inverted H&S on the RSI. Lets see what happens.
Based on today's classical pivot point (P1) with the value of $ 25,877, Bitcoin has support levels of $ 25,673, $ 25,459, and the strongest at $ 25,254. Similarly, Bitcoin resistance levels are at $ 26,092, $ 26,296, and $ 26,510..