ETHEREUM One more pull-back before $3000.Ethereum (ETHUSD) almost hit our 2450 Target on the last buy call we made (November 17 2023, see chart below) before it started to consolidate at the top of the 1.5 year Channel Up:
However it did turn out that the consolidation Megaphone, similar to January's, was the one that started on December 09 2023 and not before, as on our previous analysis. For that reason we adjusted the Channel Up, this time on the logarithmic scale, and it fits perfectly the current consolidation after the initial October Bullish Leg.
The 1D MA50 (blue trend-line) provided the first line of Support and if the January - February 2023 repeat continues, we should be expecting one final pull-back towards the 1D MA100 (green trend-line), which is where the March 10 2023 was made (also on the 1D MA200 (orange trend-line)). On top of that, the 1D RSI provides an excellent buy signal, as the 30.00 - 32.00 Zone has given 4 excellent buy opportunities in tha last 14 months.
The target is $3000, which is on the 1.5 Fibonacci extension level and almost represents a +100% rise from the October 12 2023 bottom. Those where the exact ranges of the April 16 2023 Higher High of the Channel Up.
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Crytocurrency
📈💹 STX Market Update 🌐💰📈 Strength in Performance:
Unlike other altcoins that experienced corrections, STX has shown remarkable resilience.
Quick recovery from the recent dip indicates a potential strong performance in the coming days.
🚀 Buyer Dominance:
Despite heading into a resistance area, buyers seem to be in control.
Happy New Year with BITCOIN breaking 45k!First and foremost allow me to wish everyone here in the TradingView community a Happy New Year and a prosperous 2024!
What a better way to start the year than Bitcoin (BTCUSD) breaking above 45000 mark, a level it last visited on April 06 2022. Every Cycle can be seen trading within a Megaphone pattern with the parabolic rally illustrated by the dotted curves. Note that every time the price breaks above the 1W MA50 (blue trend-line), it holds it as Support (exception of course was the COVID crash). The 1W MA50 is now 30000, which means that technically any pull-back/ correction that takes place until the peak of this Cycle, shouldn't break below this level and practically dip buyers have a benchmark to work with.
But what do you think? Are we about to witness an even more aggressive part of this new rally? Feel free to let us know in the comments section below!
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MATICUSD One more correction left before going parabolic!It has been a little over 2 months since our last analysis on Polygon (MATICUSD), which eventually hit our 0.7000 target (see chart below) and has now broken above the 1W MA100 (green trend-line) for the first time since March 13 2023:
As you can see on this 1W time-frame, we are about to get a Bullish Cross between the 1W MA50 (blue trend-line) and the 1W MA100. That will be the first in MATIC history but we do not expect it to create the conditions for an immediate rally. Based on the same long Accumulation Phase of the previous Cycle, the rally started after the price broke below the 1W MA50 one last time.
Once that happens, we will turn bullish on MATIC again for the long term and target the 2.0 Fibonacci extension at 5.000.
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Can Bitcoin Hedge Against a Falling Dollar?Global inflation often signifies a weakening of global currencies. The question of whether Bitcoin can serve as a hedge against a depreciating dollar has gained significant interest among investors.
Or should it still be the Gold?
In this study, we will analyse the top 8 cryptocurrencies to determine which one is a more reliable currency hedge.
Bitcoin & Its Minimum Fluctuation
$5.00 per bitcoin = $25.00
BTIC: $1.00 per bitcoin = $5.00
Code: BTC
Micro Bitcoin & Its Minimum Fluctuation
$5.00 per bitcoin = $0.50
BTIC: $1.00 per bitcoin = $0.10
Code: MBT
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
[SOL] Stay tuned and buy the dipSolana has experienced a strong growth from $17 to $68.
Currently, the price has stabilized, and the selling volume is increasing, indicating that there may be a correction. My idea for this period is to wait and buy at Fibonacci retracement levels.
We can gradually buy at $48, $42, and $36. The target for the next price increase will be $85.
Keep an eye on the market and buy the dip!
State of Bitcoin (November)A daily chart on BITCOIN is very simple to dissect, what BITCOIN will do from here is not so easy to work out.
The idea is to plan for what to do at the key levels and everything else in-between is just noise that wants to take your money.
How I see BTC is what you see in the chart:
- The immediate attention is drawn to the ascending triangle BTC currently finds itself in, these patterns can be bullish or bearish depending on the direction of the breakout. the trend is currently bullish and that plays a factor in the outcome.
- What was previously a bearish OB at the 32k level has been flipped but not retested for support yet, if the ascending triangle fails or bulls run out of momentum the most likely plan would be to drop to that level.
- The next bearish OB is sat 22% higher than that 32k level at ~38k, before that there really isn't much resistance.
- In the longer term, a matter of months I think the best possible buy zone is the FVG at 19-20k area. That would be a no brainer buy and hold for the next several years. We've seen a deviation below that area and the reclaim is what started this rally. I would estimate that this is the absolute floor for BTC now, especially when the ETF's are approved and the halving comes into play.
- If this FVG isn't filled the next best place is the S/R level at 25k but as we can see on the chart, the third time testing an area it usually gives way so for me 25k doesn't look like it would hold another retest.
I do think max pain would be just keep squeezing higher while everyone is waiting for one more dip, I myself would like one more dip but every eventuality must be planned for.
BTC - Bearish Shark, Bat, and ButterflyHello All,
There seems to be a confluence of patterns that are all lining up at one point on the charts, 31.1k. The Bat in Red, Shark in Blue, and Butterfly in Purple. There surely will be a reaction at this level. Whether this is a pivot to see lower low's past the 24k mark is unknown. There certainly will be a reaction up here though. Thanks for viewing my Idea!
BTCUSD fails...BTCUSD broke out of the consolidation area previously discussed, but the move to the upside was held by the downward trendline and the 38.2% Fibonacci retracement level (yellow dotted line).
Although the bullish trendline has been broken, the upside for BTC is still anticipated, as long as the price stays above the support level of 28830.
If BTC does break below the support level, there could be significant downside potential, with the next key support levels at 28000 (50% Fibonacci retracement) and 27300 (61.8% Fibonacci retracement).
Exciting Development in BTCUSDT! 🚀Breaking free from a falling wedge pattern, BTCUSDT is showing strong potential. Despite moderate volume, the recent close above the falling wedge is a promising sign. Keep a close watch as this breakout could mark the start of a bullish trend. Stay informed and trade wisely! 📈💹
ETH/USDTThe price moved towards the POI area after the cash collection and then moved lower after reaching the $1920 area. In the coming days and next week, the target price will reach 1830, 1740 and 1690 dollars.
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 ONDANAFX : @ONDANAFX
📅 06.01.2023
⚠️(DYOR)
Bitcoin Long 20230517Looks like Bitcoin is following the stocks.
Many people looks forward to a huge fall from the right shoulder, it may not be higher than 60%.
Buy when retrieves.
BTC , BTCUSD , BTCUSDT , BTCUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
3 Days Waiting / Setup : Fakeout / Daily TF 📉 Have been waiting patiently for Shorts to Setup on BTC. I'm not totally convinced of this rally as you can observe. This trade is in anticipation that the Daily timeframe will respect the Daily and Weekly Levels in Between 28 to 28.5K. Although this retest of our Daily Level looks quite daunting, selling into strength shouldn't be too much of an issue because of the amount of orders at this level previously 28,300. It's worth a shot given the RR and the previous Weekly Engulfing Candle. I typically stick to scalping but this Fakeout Looks clear as day and so I have no issue risking some profits with reduced risk and attempting something different then the usual.
Weekly BNB Charts April 2023- December 2023trying to go from .236 too 2.466 then 2.668 to 2.466
thinking it will be a navarro 200
placed a long- with gan box- price and date---
manual harmonics; auto fib and orion strategy- with a profit adjusted to a factor of 119.223
target of 132 billion by august---the navarro 200 is likely going to finish by november. then go down for a couple weeks or maybe a month red I would assume...at some point.
target date or finish is dec 4th 2023
56 billion dollar long