BINANCE:BTCUSDT- Finally our consolidation cycle on BTC has completed on the D chart. Now watch how it breaks through this bullish pennant. BTC going to go wild from here.
The red lines are from the monthly that show QQQ in a tight channel since 1/23. The white lines show some recent support and resistance levels. It broke resistance on the second attempt and resistance has now become support. I think $517 is a crucial level and will probably be revisited seeing how overbought my indicators show. It's 50% of wave 3 and I think a good loading level (plus a gap close) with the previous resistance level serving as a stop loss and short entry. If I'm correct I am expecting a 15 point gain from $517 in approximately 3 weeks (give or take a few trading days). Let me know how you see it, would love added perspectives
Dollar index has broken lower channal line. it is taking support, if this support broken, then downtrend of dollar index will start
Neiroeth is taking forever to catch up to neiro and bitcoin, it;s time is coming
We have an interesting chart here; a bullish lower low, an ending diagonal with a bullish breakout... We are looking at Automata vs Bitcoin (ATABTC). People always ask me: Why BTC pairs, why not USDT? The truth is we look at both, BTC and USDT pairings. Bitcoin grew massively in 2023 through early 2024; 16 months of bullish action and is now trading at a very high price. If Bitcoin crashes, lots of value can be lost. Instead of letting our BTCs lose value, we buy altcoins with these Bitcoins and help multiple our stash while the correction develops. We can multiple our number of Bitcoins with these pairs. Once Bitcoin hits bottom, we sell the altcoins for Bitcoin. We get more Bitcoin and can enjoy the entire bullish wave on the way up. ➖ 1 BTC = 1 BTC. ➖ $20,000 or $50,000, it is still 1 BTC. If you win with these BTC pairs, you can have 2 BTC, 3 BTC, etc. When Bitcoin's value invariably appreciates, as it always does, we end up with exponential growth. Not many people pay attention to these pairs but these are the best. The name of the game is Bitcoin and so against Bitcoin we have to trade. ➢ ATABTC (500%+ Bullish Potential) The ending diagonal, drawn in black, is a reversal pattern. It comes after the bearish impulse, exactly as seen on this chart. We also have signals of a reversal happening in the form of strong bullish action. ? The chart says it all. This pair can grow easily, and fast, by 300%+. Remember to do your own research and planning. This is not financial advice. I am truly only reading the charts. I am translating, based on my experience, what the chart has to say. This chart is bullish and is saying, "Up we go!" Thanks a lot for your continued support. Namaste.
Looking at RSI, this move will take a retracement, and then continue the next swing downward. Let the pair come to the .618 retracement level, and short there. Target is the 1.618 or 1.272 retracement of the swing up. cheers. RSI is showing strong indication that this move is not done. It is currently making a retracement (ie the current swing upward). As it comes to the 0.618 to 0.786 level, short the pair. RSI confirms this.
Algo usdt Daily analysis Time frame 4hours Risk rewards ratio >1.3 ? Algorand rank is 40 and market cap 4.21 NYSE:B It's all time high is 3.28 $ and you can see , good growth for this in altseason Algorand is a self sustaining decentralized, blockchain base network that supports a wide range of applications. This system is secure, scalable and efficient All critical properties for effective applications in the world. Algorand will support computation that requires reliable performance guarantees to create a new formes of trust. Technically we have no resistance in the way of my first target. Just a weak resistance in 0.69$ area.
Ethereum's Fractal Journey Towards $5,000: A Deep Dive The Fractal Nature of Crypto Markets The cryptocurrency market, much like any other financial market, is subject to cyclical patterns. These patterns, often referred to as fractals, are repeating structures that occur at different scales. Identifying and understanding these fractal patterns can provide valuable insights into future price movements. Ethereum's Fractal Alignment with Bitcoin and XRP Recently, Ethereum (ETH) has exhibited a remarkable price surge, aligning with similar fractal patterns observed in Bitcoin (BTC) and XRP (XRP). Bitcoin's Influence on Ethereum Bitcoin, often considered the "digital gold," has historically been a significant driver of the broader cryptocurrency market. As Bitcoin ascends to new heights, it often pulls other cryptocurrencies, including Ethereum, along with it. • Correlation and Co-movement: Bitcoin and Ethereum have shown a strong correlation in recent years, especially during bull markets. As Bitcoin's price increases, it can lead to increased investor interest in Ethereum and other altcoins, driving their prices higher. • Market Sentiment and FOMO: Bitcoin's bullish momentum can create a positive market sentiment, attracting new investors to the cryptocurrency space. This influx of new capital can fuel demand for Ethereum and other altcoins, pushing their prices higher. • Ethereum's Fractal Alignment with XRP A fascinating development in the cryptocurrency market is the emerging fractal pattern between Ethereum and XRP. Both cryptocurrencies have recently broken out of similar symmetrical triangle patterns. • Symmetrical Triangle Pattern: This technical analysis pattern often indicates a period of consolidation before a significant price movement. Once the price breaks out of the triangle, it can lead to a substantial price increase or decrease. • XRP's 390% Rally: XRP experienced a remarkable 390% rally after breaking out of a symmetrical triangle pattern. This historical precedent suggests that Ethereum could follow a similar trajectory, potentially leading to a significant price surge. • BlackRock's ETH ETF: A Catalyst for Growth BlackRock, one of the world's largest asset management firms, recently filed for an Ethereum ETF. This move has the potential to significantly impact the price of Ethereum. • Institutional Adoption: BlackRock's entry into the Ethereum market could attract more institutional investors to the cryptocurrency. This increased institutional interest can lead to higher demand for Ethereum, driving its price higher. • Increased Liquidity: BlackRock's Ethereum ETF could increase the liquidity of Ethereum, making it easier for investors to buy and sell the cryptocurrency. Increased liquidity can help to stabilize the price of Ethereum and reduce volatility. Ethereum's Potential Price Target: $5,000 Based on the aforementioned factors, including the fractal patterns, Bitcoin's influence, XRP's recent rally, and BlackRock's ETH ETF, it's not unreasonable to speculate that Ethereum could reach a price target of $5,000 in the near future. However, it's important to note that the cryptocurrency market is highly volatile, and price predictions should be taken with a grain of salt. A variety of factors, including global economic conditions, regulatory developments, and technological advancements, can impact the price of Ethereum. Technical Analysis: A Deeper Dive To gain a more comprehensive understanding of Ethereum's potential price movement, it's essential to delve deeper into technical analysis. • Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the speed and change of price movements. A high RSI reading (above 70) indicates that the asset is overbought, while a low reading (below 30) indicates that it is oversold. • Moving Averages: Moving averages are trend-following indicators that smooth out price data over a specific period. A popular moving average combination is the 50-day and 200-day moving average. A bullish crossover occurs when the 50-day moving average crosses above the 200-day moving average, indicating a potential uptrend. • Support and Resistance Levels: Support and resistance levels are price levels where the price of an asset has historically struggled to break through. These levels can provide valuable insights into potential price targets and reversal points. • By combining technical analysis with fundamental analysis, investors can make more informed decisions about investing in Ethereum. Conclusion Ethereum's recent price surge, coupled with the emerging fractal patterns and the influence of Bitcoin and XRP, suggests that the cryptocurrency has the potential to reach significant price targets. However, it's important to approach investing in cryptocurrencies with caution and conduct thorough research. As the cryptocurrency market continues to evolve, it's essential to stay informed about the latest trends and developments.
Cardano (ADA) has been performing well, but its price hasn’t seen a major jump yet. It’s currently trading within its previous range, showing signs of stability. Based on the chart, the $0.9799 level looks like an ideal zone for a swing trade entry. This area offers a good balance of risk and reward for those looking to capitalize on potential upward movement. Looking ahead, I’m optimistic about Cardano’s long-term growth, especially as we move toward 2025. The ecosystem has strong fundamentals and continued development, which could drive it toward a new all-time high (ATH). For traders and investors, this makes current levels a promising opportunity to position for the future rally.
- On the 4H TF, Gold was breaking structure bearish and changed character bullish. - Wait for price to reach the 4H order block. - Then switch to the 15min Timeframe and wait for a 15min re-alignment with the 4H bullish structure. - On the 15min timeframe, mark out your point of interest/ order block and set up your buy limit order and target the 4H Swing high.