Crytpocurrency
HOT Future RoadmapHOTUSDT Weekly Chart-
These are just my thoughts on areas of significance. I feel like we're still in an accumulation zone. If bullish sentiment continues, I think we exit this area soon.
Maybe dips on New Weekly candle (Monday), will provide acc area for next leg up, if/when momentum continues.
Key areas of resistance: (Areas to take profit, areas that will provide potential pullbacks for safer entries)
Market is in GREED mode right now so best to be waiting and watching for opportunities to present themselves.
My goal is to share my knowledge to help regular folks like myself trade safer, and transition into the 10% of Market winners.
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**Not financial advice, just my 2 cents.
BTC/USD Low Time Frame In BTC/USD, a confluence of factors, including market structure, Fibonacci levels, RSI divergence, and price action, is providing compelling bearish signals.
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A small dip in ETHEREUM and the a rally towards 3000!!The crypto is seen making impulse waves from June 2022 and has completed a structure of 1-2-I-II till now, meaning it completed the wave II of 3 and started off in the wave III of 3.
The recent oct 2023 rally is the first leg to the bigger III wave that is forming.
It would be a wise to wait for a meaningful retracement to this oct wave for a good entry. The 50% retracement of wave i of wave III of wave 3(i.e. current oct rally) is at 1687 and 61.8% retracement is at 1646. The B wave dip can take the crypto to these levels and that should be considered a good entry to go long towards 3K mark.
Note*- this post is for educational purpose only
SOL at key level - will it keep goingWe've just taken out a key 4H price level on a Friday.
Interesting to see if the New York trading session will keep their foot on the gas and drive bids higher towards a key Weekly level higher.
Two potential roadmaps for SOL - both are Bull Bias. And loss of key structures would cause me to consider further downside and what that would look like.
Personally I can see some sideways action and some accumulation between now and Monday. We might see some other altcoins do some business now, SOL has been quite good at leading the market as of late.
DXY I Still have the DXY in the expanded Flat with a top in at $107 which happens to be the fib retracement 50% level of the 5 down wave A.
I expect the momentum indicators to begin to slowly roll over. RSI, Stochastic RSI , OBV , MACD should all confirm the last leg of the down trend wave C which I expect to finish around $94.
At $94 the DXY should complete a very HTF wave 4 and then kick off what is shaping up to be one ugly recession. W5 targets for DXY run over $130 and I don't think much will survive this risk off trade set up.
This is likely what many analysts are referring to as the "Blow off Top" to which I find myself reluctantly agreeing with since all my charts keep leading me down this rabbit hole. ;)
RISK ON FOR ALL ASSETS - ETH/USDSuper bullish on COINBASE:ETHUSD and just on crypto in general. Risk on across all assets is a fact.
As we transition into October, COINBASE:ETHUSD , currently positioned at around $1650, showcases promising bullish indicators worthy of a rigorous analysis. Here's a distilled examination of the upcoming trend, devoid of retail trade sentimentality:
Support Level Robustness: The $1600 mark has consistently served as a solid support level, demonstrating resilience amidst various macroeconomic factors.
Network Upgrades: Imminent upgrades are anticipated to address scalability and security concerns, potentially enhancing Ethereum's market position.
NFT Market Chaos: The continuous growth of the NFT market on Ethereum's platform highlights a lucrative asset class, expected to positively impact its market cap. Are NFTs dead? That's a stupid question
Technical Indicators: An oversold RSI and a bullish MACD crossover signal potential for a price upswing.
Strategic Positioning:
Long Position Entry: at the price of posting Dollar Cost Average as much as possible
Profit Targets: $1850, followed by $2000.
Profit Targets Long Term: $6600, followed by $8000.
Stop Loss: Positioned below the $1600 support level.
Long-term, Ethereum's trajectory aligns well into 2024, with cautionary notes around the broader cryptocurrency landscape as Bitcoin approaches the 88K mark.
$CRV bearsA new broke yesterday about LSE:CRV being hacked. and about $80 million drained.
that was the bearish trigger that broke the camels back. (Fundmentals). except a new broke to nullify the hack rumor, the price will still continue a down tren
On the technical point of view, thing are looking bearish as well looking at the CSTP trading tool.
My expected projection is shown in the the chat. CRV will only flip bullish if the price closes above the yellow line.
the current bullish move he currently have is a justa mere correct, hence the candle still being white. if the candle stick turns blue then i can consider being bullish.
Don't forget to trade smartly
Peace.
Multi huge pump OSL:MULTI huge pump is coming ⌛🚀
Always area we selected multi can bounce huge so waiting for bounce
MATIC Lower time frame predictionClear movement of matic on the uptrend after short short move to it target
ADA USDT LONG SWING | ADAUSDT | LONG @ 0.36 - 0.38 | TP @ 0.39, 0.4, 0.41, 0.42, 0.43 | SL @ 0.33 | PATTERN = BULLISH MACD CROSSOVER | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:ADAUSDT BYBIT:ADAUSDT.P BINANCE:ADAPERP COINBASE:ADAUSD BINANCE:ADAUSD BINANCE:ADAUSDTPERP
BTCUSDT: The Sign of Advancing Phase in the Cryptocurrency?Price Action Analysis on Bitcoin
On the H4 Timeframe, BTCUSDT rebounded on the EMA90 and Continued Moving in the Bullish Trend. The Breakout of the Descending Broadening Wedge accompanies by increasing volume, indicating a possible bullish bias ahead. The MACD Indicator also made a golden cross that signified a possible upside movement to the target area.
The roadmap will be invalid after reaching the target/support area.
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"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BTCUSDT"
Bitcoin maintains trajectory, move VERY SOONCRYPTOCAP:BTC maintains the trajectory
This will happen SOON:
#BTC breaks RESISTANCE
OR
Red Moving Avg give way
IF:
Resistance breaks, Red dotted lines = targets
MA breaks > Green Mov Avg > Green breaks > 25k > doesn't hold then likely gap fill = damage to bull but still hope
Bitcoin's Wave Sparks Expanding Triangle: Revealing the Future!Bitcoin recently experienced an impulsive wave, soaring to a new high of 29,190 from its low in November 2022. This price surge ignited excitement and optimism among crypto enthusiasts. However, after this impulsive wave, Bitcoin's price transitioned into a corrective phase, marked by an expanding triangle pattern.
The expanding triangle pattern serves as a technical analysis tool for identifying potential trend reversals or continuations in financial markets.
Bitcoin's future could potentially unfold in one of the following ways:
-Uptrend Continuation: If the price manages to find robust support (a level with strong buyer interest), Bitcoin's price could resume its upward trajectory.
-Trend Reversal: Conversely, if the price fails to find solid support, Bitcoin's price may enter a downtrend.
-Sideways Movement: Occasionally, the expanding triangle could result in an extended period of sideways price movement, offering no clear direction.
N.B!
- BTCUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#bitcoin
#btcusd
#BTC