1-BTCUSD
Ethereum (ETH) Macro OverviewToday, I would like to share my analysis of Ethereum (ETH) on a macro time frame. Based on the current price action, I foresee a potential rally toward the $2,800–$2,900 zone, which could align with a possible market reaction during the FOMC meeting regarding rate cuts scheduled for September 17-18.
Should ETH break the upper demand zone, further upward movement may be possible, though I am personally anticipating a larger market correction post this rally. A downturn towards the $2,200 range appears likely, with the potential for ETH to reach as low as $1,500 by year-end.
One of the key indicators supporting this outlook is the Money Flow Index (MFI) on both the daily and weekly time frames, which has been trending downward since May. This suggests that capital has been gradually exiting ETH, which could lead to increased selling pressure.
Another factor to consider is Bitcoin (BTC), which could see a significant correction from the $65,000 level. This could trigger a cascading effect, further driving down ETH prices.
Given this macro setup, I plan to initiate a swing short position in ETH/USDT around the $2,800 range. In the near term, ETH could hit the $2,621 pivot level before any further developments.
Disclaimer: This is not financial advice. Please conduct your own research and trade responsibly.
SOL/USDT Swing Long Trade and Accumulation ZoneExpected Market Movement: Given the current setup, there is a possibility of a "dead cat bounce" scenario where SOL may experience a short-term rally, followed by a retracement into the $118-$112 range. This retracement could complete a "W" pattern, setting the stage for a subsequent rally towards the $200 region.
Key Event to Monitor: It's important to keep an eye on the upcoming Federal Reserve rate decision on September 17-18. The broader market reaction, particularly from Bitcoin (BTC), will likely have a significant impact on SOL's price trajectory. A sharp downturn in BTC could lead to further downside risk for SOL, possibly pushing prices even lower than expected.
Next Steps: Patience is key in this setup. Await the outcome of the Fed's rate decision and observe the market's response before making any decisions. Should this scenario unfold as anticipated, I will provide further updates.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
BTCUSD (CRYPTO) buy on dipsBTCUSD made All Time High 73805 on 14th March 2024
post that made low till now is 49112 on 5th Aug 2024
corrected nearly for 5 months.
Elliott Wave Analysis :
BTCUSD in Triple correction namely w-x-y-x-z
of which last leg is in progress... till now low made 49112.
Expecting wave z to form Triangle Pattern.
Indicator :
MACD given Positive Diversion and Positive cross over.
Important support :
Channel support near 53000
psychological level and low 49112
Worst case expected low : 45000
Improtant Fibonacci level :
0.618 % : 58430 (Acting as immediate resistance)
Buying opportunity :
Conservative approach: Buy on crossing 0-b trendline and sustaining above golden fib 58430
Aggressive approach : accumulate slowly near 45000-58430
Upside Potentials:
73000++ in long term
Conclusion : Be cautious now in shorting BTCUSD. Now time to look for buying opportunity in dips.
Disclaimer : Study here presented only for Educational purpose... No Trading advise..
Bitcoin Bybit chart analysis September 11Hello
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This is the Bitcoin 30-minute chart.
The CPI indicator will be announced at 9:30 in a little while.
In Nasdaq, we proceeded with the strategy with vertical or strong upward conditions, but today, Bitcoin is the problem.
The first is a danger signal.
The 4-hour chart MACD dead cross is under pressure,
and secondly, we need to find a rebound section,
but the 1+4 section is ambiguous.
It is also a section with a very high possibility of sideways movement.
After much thought about how to connect it to profits,
we proceeded with the safest method.
*Red finger movement path
One-way long position strategy
1. 56,224.5 dollars long position entry section / green support line breakaway price
2. 57,628 dollars long position 1st target -> Top 2nd target -> Good 3rd target
The reason why I marked the purple finger on the top is
Because there was no short position entry position today
The direction can be divided before and after the touch.
There is also a possibility of an immediate rise after the touch.
If the touch fails, there is a possibility of a vertical decline
There is a possibility of a breakaway up to the 3rd section
From the touch, you should see a strong possibility of a decline in the downward wave.
After the touch,
The strategy is more likely to succeed if the rebound is successful in the central line section (1+4) of the Bollinger Band 4-hour chart.
If the orange resistance line is broken at the top today,
the uptrend is connected,
and the 4-hour chart MACD dead cross is ignored
but (Bollinger Band 4-hour chart resistance line touch condition)
if the orange resistance line is not broken,
the 4-hour candles must continue to be created
and the MACD dead cross must be completed without breaking the green support line.
It's hard to explain, but the conditions are very strict, right?
At 9 o'clock in a little while,
the position of the center line of the 4-hour Bollinger Band chart is very important when the 4-hour candles are created.
The red finger long position entry section can be 56.2K or the 2nd section,
and if the green support line is broken today,
the pattern can be broken by touching the center line of the 6-hour Bollinger Band chart,
so the green support line must be maintained unconditionally.
Lastly, the NASDAQ must also succeed in rebounding
and all other conditions must be met
for the strategy to succeed.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
Thank you.
Bitcoin Bybit chart analysis September 10Hello
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Here is the Bitcoin 30-minute chart.
There is no Nasdaq index announcement today.
Please note that there will be a CPI announcement tomorrow.
There are many turning points.
We created a strategy focusing on Tether dominance,
Considering the possibility of Nasdaq sideways movement,
*When the red finger moves,
One-way long position strategy
1. 56,809 USD long position entry section / cut-off price when the green support line is broken
2. 59,110 USD long position 1st target -> Good 2nd -> Great 3rd
If it does not come down to the entry point,
the 1st section at the top, and the pink resistance line is broken, there is a possibility of a vertical rise
The 3rd section at the bottom is a sideways market,
but because the short-term pattern is broken, it may be connected to additional adjustments tomorrow.
Please use my analysis article as a reference only,
and I hope you operate safely with principle trading and cut-off price.
Thank you.
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDA decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
Bitcoin Bybit chart analysis September 9Hello
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Here is the Bitcoin 30-minute chart.
No Nasdaq indicators announced today
If it doesn't crash for no reason,
I expected it to rebound to the upper limit,
so I only focused on Bitcoin and Tether dominance.
*One-way long position strategy when the red finger moves
1. $54,770 long position entry section / green support line breakaway, stop loss price
2. $56,729.5 long position 1st target -> Good 2nd target
(Top section is the center line of the 12-hour Bollinger Band chart,
but you can operate it as short->long or long waiting in the middle wave that I indicated.)
Up to the 1st section at the top and the 2nd section convergence section, it is a sideways market
If the 2nd section at the bottom breaks away,
there is a risk of additional decline.
As a medium-term point, if it holds up to the gap section of the Jinpa-rang support line, it can continue to rise.
Before and after the Jinpa-rang support line is broken,
whether the MACD dead cross on the monthly chart next month will be determined,
and from the medium-term pattern perspective,
the Bollinger Band weekly chart support line touch -> weekly support line + monthly central line touch at the same time
in order.
Before reaching the place that everyone is waiting for,
I think it is important to fight from the current position, right?
Up to this point, I ask that you simply refer to and use my analysis
and I hope that you operate safely with principle trading and loss cut prices.
Thank you.
Bitcoin Bybit chart analysis September 6Hello
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Here is the Bitcoin 30-minute chart.
The Nasdaq Non-Agricultural Index will be released at 9:30 in a little while.
I carried out the strategy according to the Nasdaq pattern.
*When the blue finger moves,
Two-way neutral strategy
1. $56,579 short position entry section / Stop loss price when breaking through the pink resistance line
2. $55,520.5 long position switching / Stop loss price when breaking through the green support line
3. $58,008.5 long position 1st target -> Top 2nd -> Good 3rd
If it falls immediately without a short position entry position at the top,
Please refer to the double bottom price of section 1 at the bottom.
Because it is just before the upward trend in Tether Dominance,
As of this week, if only $53,310 at the bottom does not break away,
It is not bad from a long position standpoint.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
Thank you for your hard work this week.
Thank you always.
"Bitcoin" Something is Cooking !!Key Highlights : 🔰
🔷 Script Name : Bitcoin 🔥
🔷 Script Symbol : CRYPTO:BTCUSD
🔷 Weekly RSI Cool Down
Disclaimer : This is NOT Investment Advice. This Post is Meant for Learning Purposes Only. Invest Your Capital at Your Own Risk.
Happy Learning. Cheers!!
Shyorawat Arun Singh ❤️
(@Shyorawat_ArunSingh)
Founder : Shyorawat Investing School
BTC Demand/Supply Zones In the chart above, I have marked Supply and Demand zones for swing long trades.
Strategy:
The Demand zone represents a buying opportunity, while the Supply zone indicates a potential shorting opportunity.
The stop loss can be placed at the opposite end of the order block.
Note: The order block may break on the fourth test.
Do your own research (DYOR).
This is not financial advice.
Bitcoin Bybit chart analysis September 5Hello
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This is the Bitcoin 30-minute chart.
Nasdaq indicators will be announced at 9:30 and 11:00 shortly.
The current position is very important,
and I was worried that I might miss the entry position.
Bitcoin is rebounding stronger than Nasdaq,
and a strong adjustment is in progress.
All the danger signals have passed, and Nasdaq did not see any additional declines yesterday and today,
and there were no short position entry positions,
so I will maintain the long position strategy until the main demand section is reached.
*Red finger movement path
One-way long position strategy
1. Pursue purchase at $56,681.5 / Cut-off price when green support line is broken
2. $58,008.5 long position 1st target -> Top section 2nd target
Until additional daily candles are created tomorrow
If it reaches the Top section
Since it is the first touch on the center line of the Bollinger Band 12-hour chart
It would be good to switch to a short position briefly.
Today, I focused on long positions.
The 2nd section at the bottom
is the final long position entry section according to the Nasdaq wave
The 3rd section at the bottom is a double bottom section.
I do not recommend a dangerous position.
From the 3rd section, the sky blue support line is broken, it can fall sharply,
so please check the price indicated at the bottom.
Up to this point,
I hope you can simply use my analysis for reference and use only
I hope you will operate safely with the principle of trading and cut-off price.
Thank you.
Bitcoin Bybit chart analysis September 4Hello
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This is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 11 o'clock.
After coupling with Nasdaq, the candle's lower tail rebounded,
and it is moving sideways in an ambiguous position.
Based on the time zone wave, the 15-minute wave is in progress.
The 15-minute candle support line has been touched,
but the 15-minute candle resistance line has not been touched yet,
and the rising pattern has been applied to Tether Dominance.
In the case of Nasdaq and Bitcoin, it is falling strongly,
and there is no place to go short except for a vertical decline,
so I created today's strategy based on the possibility of shaking in both directions.
* When the blue finger moves,
it is a two-way neutral
long->short->long switching strategy.
1. 56,195.5 dollars long position entry section / When the purple support line is completely broken
or when the 2nd section is touched, the stop loss price
2. 57,444 dollars long position 1st target price -> Top 2nd target price
Depending on the strength of the rebound,
maintain the stop loss price adjustment to the Top or proceed with the short->long switching of the blue finger
The final target price is the Top section,
and when touched, I will connect the strategy after tomorrow.
The 1st section at the top is the first short position operation section of the 30-minute chart resistance line.
The 2nd section at the bottom is a place where a double bottom can occur,
but in the case of Tether dominance moving in the opposite direction of the beat,
the upward trend can be connected when the previous high is broken,
so I do not particularly recommend it.
There are a total of 2 support lines remaining from the Bottom at the bottom
to the long-term downtrend,
so please refer to it.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
Thank you.
BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉
I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" .
✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag"
✔️ Current wave in development: Y-c-3
✔️ Projected upward range: 93K ~ 101K
The rationale behind this analysis is as follows:
Zigzag patterns typically move within a parallel channel.
The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel.
As a result, the likelihood of a complex correction occurring is considerably high.
Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles.
Wishing you all the best of luck🍀
This is not a buy or sell recommendation.
It is a personal perspective and should be used for reference only.
All decisions and responsibilities lie with you.
Bitcoin Bybit chart analysis September 3Hello
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Here is the Bitcoin 30-minute chart.
Tonight at 11 o'clock, there is one Nasdaq indicator announcement.
When comparing only Bitcoin and Tether Dominance,
the direction is not difficult, but Nasdaq is the problem.
Instead, the dangerous signal was imprinted on Nasdaq,
and all you need to do is get the desired movement.
Yesterday, I tried to operate, but I missed the entry point,
so I went ahead with it instead of canceling it.
*One-way long position strategy when the red finger moves
1. 58,591 dollars long position entry section / stop loss price when the green support line is broken
2. 60,227.5 dollars long position 1st target -> Good 2nd -> Great 3rd
This is the first touch section on the center line of the Bollinger Band 12-hour chart.
If the strategy is successful, I did not operate a short position separately.
You'll know why if you watch.
Instead, after liquidating the long position,
I think it would be good to wait for the long position as indicated.
For those who can hold the stop loss price,
you can challenge both short and long.
If the purple support line maintains the 1st section, it is a strong rising section.
The 2nd section at the bottom is a sideways market or the most likely long position today,
but rather than missing the entry point like yesterday,
we operated aggressively and tightened the stop loss price.
From today's green support line deviation,
there is a possibility of additional decline, so you should be careful.
Bottom->If the 3rd section is pushed,
the next support line will be $56,634.
Up to this point, please just refer to and use my analysis,
and I hope you operate safely with the 6 principle trading and stop loss price.
Thank you.
Bitcoin Bybit chart analysis September 2Hello
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This is the Bitcoin 30-minute chart.
Today, Nasdaq is closed.
It touched 57K on Sunday evening
and barely reached the center line of the Bollinger Band 4-hour chart.
The current position is a section where long and short are decided,
and a short position operating section.
Today's strategy was created based on the vertical decline
in the gap reversal that occurred at the top over the weekend
and the short-term pattern of Tether Dominance was broken.
* In the case of the red finger movement path
Long position strategy
1. 57,982 dollars long position entry section / cut-off price when the purple support line is broken
2. 59,160 dollars long position 1st target -> Top 2nd target
When the 1st section shown at the bottom is touched, it is a very horizontal guarantee
The sky blue support line Bottom section is the last double bottom.
If this section is broken,
a downward trend may be connected from the second section of the Jinpa-rang support line,
so it may open up to 54.8K.
Today, it is important to not go down to the bottom section or break away, right?
Up to this point, I ask that you just use my analysis as a reference,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.