The 2023 bear trap
AS we can see on January 20th Bitcoin broke the down trend it has been in for over one year now. Recently the resistance was tested and was made in to support as Bitcoin took a strong bounce off of it. WE can clearly see this in the chart with the highlighted oval.
Above that we have the bear trap zone and the fomo zone A break and hold...
Bitcoin is now out of a bear market and is in it's initial phase of the bull market. That's not what the news is saying. The news says the worst is yet to come, I don't agree. Let's have a look.
First, the green and red zone is Gaussian Channel. It turns red in bear markets and green in bull markets. Once it turns green it stays green for the entire bull...
This chart is to show anyone still on the fence about buying bitcoin, weather the bottom is in and if bitcoin is about to enter a bull market.
Lets take a look at this 2 week chart of bitcoin with three indicators.
1 CM ULTIMATE MA
2 PI CYCLE BOTTOM (only the short MA to keep it clean)
3 TRADERS DYNAMIC INDICATOR (TDI)
All three of these indicators are...
The structure of gold still remains bullish, a small cup and handle is forming within the handle region of a larger cup and handle. A decisive breakout of the handle might start a multi - year bull run in GOLD.
KEEP IT IN YOUR WATCHLIST!
It was a key moment for altcoins in the past bullmarket, namely when BTC.D reached a strong resistance level at 73% to be exact, this happened on January 02, 2021, from that moment TOTAL 2 started to grow aggressively and the reign to decrease aggressively, until May 12, 2021, when we approached the peak of the bull market for Altcoins and BTC.D reached an...
GRTUSDT - Riding the AI Narrative 🚀
Overview:
GRTUSDT is positioned for a bullish surge, fueled by the current narrative around artificial intelligence (AI). The intersection of blockchain and AI technologies presents a compelling case for GRT's potential.
Fundamental Analysis:
AI Integration: The increasing synergy between blockchain and AI is becoming a...
I see that bitcoin and crypto currencies will move slowly down during coming 2-4 weeks. If bitcoin find support between 30-31,5k I see this as the last opportunity to get in "early" in this bullrun (would not necessarily recommend bitcoin though, but altcoins intead).
Traders,
For the first time in a year and a half, alts have broken above major resistance. This resistance happens to be the neckline for our long-trending inverse head and shoulders. This is hugely bullish!
But before you max out your home equity line of credit, know that we are nearing what looks like it could become a local top. The channel which alts have...
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Welcome to this quick BTC update.
BTC looks good here. Forming upsloping flag-like structure and currently, retesting the flag. After this successful retest, we might see another leg to the upside which is targeted to the $40k- FWB:42K level.
Invalidation:- 4hr close...
I was thinking to wait till tomorrow till I post this analysis so more people could see it but oh well, let us do it today cause you never know what happens.
I think this is one of the most important charts when following crypto markets. (cause it shows crypto markets money inflows and outflows).
Bitcoin has broken out already from this years highs week ago (I'll...
Let's look back at the previous bull market. As you can see, with the explosive growth of DeFi, the bull market officially started.
The upcoming bull market can be the same. We expect to see massive adoption of retail and commercial investors this time.
What is your DeFi bet? Will you play it safe or high R:R? Let me know below!
Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this DOGE/USDT Trade update.
DOGE looks good here. Breaks out from the long-waiting descending triangle and looks like it starts a new uptrend rally from here. It breaks a very long more than 900 days downtrend which is a very good sign for this coin.
Buy some...
HI Guys!
for BINANCE:SUSHIUSDT
there is a buying opportunity with a risk-to-reward ratio of 11!
Entry 0.8$
TP 1.2$ - 2$ - 2.8$ - 3.7$ - 4.5$
SL 0.5$
What do you guys think?
If in the next few days BINANCE:BTCUSDT reaches above 32,000$ and stabilizes above this price, then the following scenario seems extremely bearable for this Wonderfool BINANCE:LINKUSDT : breaking the 1.5-year price box and price flight towards Fibonacci levels.
2X in every Target!
Beware this is a long term Target!
Bitcoin has officially entered the bull market, with closing above 20WMA the previous week and 20WMA crossing 100WMA this week, which is technically the start of a bull market.
Now we also know that historically, when bitcoin keeps above the 20-week moving average line, altcoins tend to outperform it.
What is the situation with VeChain now?
We can see that...
After careful analysis, it's clear we've entered a bull market for BTC.
The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways:
The trend from 23rd November 2022 presents as a robust bullish impulse.
All impulse waves and corrections looks nice and well-balanced.
The waves within...
Analyzing the 3-day timeframe for BTC/USD, two primary scenarios arise:
Bearish Outlook:
Current wave XX-Z indicates a possible triple combo wave W-X-Y-XX-Z. With wave X potentially concluding, a move downwards for wave Y is anticipated.
Bullish Correction:
Despite a bullish market, a correction wave 2 could drive prices down to 23,700, below the 0.5...
