Ethereum (#Ethereum) tests its long-term trendline support When Ethereum (#Ethereum) tests its long-term trendline support, it often sparks a significant upward market movement, known as a bull rally.
#Pattern_Recognition: Ethereum (#Ethereum) has shown a recurring pattern where testing its long-term trendline support has resulted in substantial bull rallies.
#Historical_Timing: Notably, each of these support tests has historically occurred in the month of January.
#Projection_for_2024: If the historical trend continues, there's a possibility of witnessing a similar upward market movement or bull rally in January 2024, following the long-term trendline support test.
1-BTCUSD
The Bitcoin Charts Of 2020 And 2023Crypto Analyst Reveals Uncanny Similarities In The Bitcoin Charts Of 2020 And 2023
A crypto analyst has revealed what seems to be one of the most uncanny similarities in two separate Bitcoin charts. The two charts taken from 2020 and 2023 show a very similar price trend, and the most important part is what happens if Bitcoin continues to follow this trend.
What Happens If This Trend Continues?
If the historical performance of Bitcoin back in 2020 is repeating itself once more, then it is very bullish for the price. This is because 2020 is actually the year the last bull run began. From December 2020, going into the year 2021, the Bitcoin price would rise continuously to beat its previous all-time high set in 2018.
ETHereumEth is booming after 2150 will it still be bullish?
With the breakout, it is now pushing itself for 2400
Meanwhile, it tested the 2400 and now it's making its way towards the lower support.
A smaller time frame showed the trend change but 1hr and 4hr is still bullish so this chance is to be of buy on dip .
As it has broken down the 0.23 of fib-retracement.
we need another confirmation for bearish which is trendline support. So re-entry would be at 0.5 and 0.6 lvl.
The first target would be 2350. once it breaks that level, we are surely moving towards 2400.
#eth #bitcoin #trendanalysis
SAND/USDT Swing Long Update - Sand so far has just started recovering it's lost price
- Sand has recovered 30% only remember it has more potential
- Sand has more potential to keep going up
- Hold Sand in your bags
- If you are looking to add sand in your bag for trading purpose then I would suggest waiting for a 20% retracement at least
1inch / inch USDT Swing Long Setup - Inch has based out very nicely
- BTC has moved fast and very impulsively
- It's time for us to focus on good alts that are setting up nice
- Inch has a decent RR you can keep this on your radar
- Alts rally ahead, I want you guys to print as much as possible and thank me later
Bitcoin Trade SetupBitcoin has currently pierced all the supplies
- Bitcoin can get rejected from 43k soon or might go sideways
- If you are worried about Alts not pumping then the money is currently flowing more into BTC
- BTC dominance clearly depicts that, expect some more Btc money inflow
- BTC dominance chart idea has been posted once it gets rejected we can expect a huge move in alts very soon
- Keep your partial alts bag ready do not add massive size here
Matic/Polygon Trade Idea - Matic is currently trading in a flattish trend
- No impulsive move so far looks possible in Matic
- The underlying fundamentals of Matic is too strong
- For Holders, I would only suggest you guys to keep adding Matic whenever you see a 5-10% RETRACEMENT
- For Traders, I see 1$ coming soon but till the time Matic gives 1$ rest Alts might have pumped more so choose your alts wisely.
Bitcoin Dominance Chart Setup Bitcoin Dominance is very useful in helping us understand where the money is flowing
: BTC Dom is currently trading in an uptrend move.
: BTC dom might follow the path I have created which might later result in a massive alts rally
: Btc Dom as of now shows some relief in ALTS can be seen and money after a decent Btc correction can flow back to BTC
: Closely monitor this and USDT dominance or even DXY works
: Nas, DJI, SPX, and gold have been outperforming try to understand the global markets as well.
: If the FED starts to cut rates then it will be very bullish for Crypto
AVAX 1D SETUP AVAX SETUP
: AVAX printed 110% from our initial entry.
: The current price action of Avax is somewhat bearish and not clear
: Flat to bearish is the current trend I will term it as
: From an investment perspective do not enter here, traders can wait for the drawn paths to have a clear direction
: Accumulation Zones - 12-15$ 15-17$
: Sell Zones - 28-32$ 45-55$
: Horizon - 6-9 months for investors
: Traders - Wait for the market to present you an opportunity spot is the best way to double your capital
Bitcoin Short Trade Idea : Bitcoin is currently trading at 37,072$
: I am Bearish on BTC since 38k got mitigated again
: Look at the trend and try to understand how easily the trend is fading out
: Avoid Shorts or Futures market will deleverage you
: Bitcoin can easily eradicate the longs as of now
: Keep your Spot bags light stay cash or in Fiat
: Accumulation Zones - 34-35,000$ Second - 30,000-32,000$
: STAY CASH #BTC
MaticUSDT short opportunity Matic is currently looking for a good correction I would suggest to look for short opportunity and only look for long opportunity at the buying zone
AGIX/SINGULARITY AGIX 1D TRADE SETUP
- The trade went exactly as planned
- We are up more than 30% from our initial entry
- Start locking in profits partially as it keeps moving up
- I am turning a little bearish now
- We do not know how things might unfold
- don't mess things up with notional profits, rather try taking 50% home