Cyber Monday saleUp to 70% OFF

Crypto market

Long Lunausdt. Good day, everyone! Today, I’d like to discuss a cryptocurrency that has recently caught my attention. The chart is quite clear, showing that the instrument has been consolidating on the daily timeframe for about a month now. As you may have seen from my previous posts, I typically follow the Volatility Contraction Pattern (VCP) by Mark, but I’ve adapted it by incorporating some of my own principles, resulting in a modified approach. Now, focusing on the instrument, I anticipate a strong move from its current levels. We've formed three distinct legs and are now positioned at the top of the range, which is a key area to monitor closely. I expect some consolidation over the next 1-2 days, followed by a potential 20% return on investment (ROI). This outlook remains valid as long as the 0.3990 level holds, which will serve as our stop-loss point. The target to aim for is 0.5313. Thanks for reading, and until next time! RaW^
Long
by TheWhiteTiger99
BTCUSD: Key Levels and Projections Based on Elliott WavesBTCUSD has formed a corrective pattern on the daily timeframe, identified as a W-X-Y structure with seven distinct waves. The price found support at the 200 EMA, reaching a low of 49,57 7 before bouncing back. The sub-waves within this structure are clearly visible, with wave (1) and wave (2) completing at 62,729 and 52,546 respectively. Currently, BTCUSD is encountering strong resistance at the upper boundary of the corrective channel, posing a significant challenge for bullish momentum. Although wave (3) has managed to rise above wave (1), it has not yet confirmed a strong bullish breakout. To establish a decisive upward move, wave (3) needs to hold above wave B and breach the upper boundary of the channel. The breakout can help the price to get 100% of the whole correction. Failure to break out of this resistance zone could result in the corrective structure extending into an X-Z formation, leading to a prolonged consolidation phase. This would suggest more time is needed for the pattern to play out, causing frustration for traders looking for a clear bullish trend. We will provide further updates to our followers soon. - Trade technique by KP
BITSTAMP:BTCUSD
by Trade-Technique
2
Tapping 15-Minute Order Block with 5-Minute FVG RejectionWe observed the market tapping into a key 15-minute order block, indicating potential buying or selling pressure. Additionally, price action has recently rejected from a 5-minute Fair Value Gap (FVG), further confirming our setup. This presents a compelling opportunity for a reversal trade. Look for confirmation signals such as bullish/bearish candlestick patterns or volume spikes to enter a position. Keep an eye on stop-loss levels just beyond the order block or FVG for effective risk management.
CRYPTO:BTCUSD
by Anish1802
Bullish on Ethena Project...On daily and Weekly timeframe Ethena( XETR:ENA ) making fall wedge and made a breakout, already had 50% pump from bottom, still has room to grow we can see aroun 0.65-0.7$ range and range can be a bit of resistance, also Ethena team getting lot of good project and work based on there top tier skills as they developed product UStb fully backed by BUDL(blackrock) in parnetship with securitize, it will be separate fiat stablecoin product alonside there USDe.... (small explanation) Blackrock is the world’s largest asset manager. Their on-chain product is BUIDL which is a stablecoin available to whitelisted addresses, with an interest rate similar to US treasury bills. USDe/sUSDe being backed by BTC/(st)ETH/SOL and crypto shorts is great during bull markets, when everyone wants to (leverage) long crypto and will pay shorts for the privilege, but not so great during a bear market when shorts may have to pay longs. So Ethena is building a new stablecoin for everyone (not just whitelisted addresses) called UStb backed by BUIDL, and when the crypto shorts don’t make money Ethena can switch USDe’s backing to UStb. So sUSDe will have a TradFi interest rate during crypto bear markets and a CeFi interest rate during crypto bull markets, and we will all be able to play with it in DeFi thanks to the many protocols that support it.
Long
by Just_a_Trader001
1
CRYPTO: How it works and how it is explained for beginners.CRYPTO: How it works and how it is explained for beginners. Here is a detailed explanation of the key concepts related to cryptocurrencies: Cryptocurrency Cryptocurrencies are decentralized digital currencies that use cryptography to secure transactions. Unlike traditional currencies, they are not issued by a central authority such as a bank. The main characteristics of cryptocurrencies are: -They exist only in electronic form -Transactions are made directly between users (peer-to-peer) -They use blockchain technology to record transactions -Their value fluctuates according to supply and demand Blockchain Blockchain is the underlying technology that allows cryptocurrencies to work. Its main features are: -It is a distributed and decentralized ledger that records all transactions -Each transaction forms a "block" that is added to the existing chain -The data is encrypted and impossible to modify once recorded -It works without a central authority thanks to a network of computers The halving The halving is a scheduled event that concerns certain cryptocurrencies such as Bitcoin. Its main characteristics are: - It halves the reward given to miners for creating new blocks - It usually occurs approximately every 4 years (every 210,000 blocks for Bitcoin) - Its purpose is to control inflation by gradually reducing the issuance of new units - It can have an impact on the price of the cryptocurrency by reducing the supply _____________________________________________________________ The different types of coins There are several categories of cryptocurrencies: Bitcoin: The first and best known cryptocurrency Altcoins: All cryptocurrencies other than Bitcoin (e.g. Ethereum, Litecoin) Tokens: Tokens created on existing blockchains, often linked to specific projects Stablecoins: Cryptocurrencies whose value is indexed to a fiat currency or a stable asset Memecoins: a cryptocurrency that comes from an Internet meme or that has a humorous, ironic characteristic, a joke as its origin. Each type of coin has its own characteristics and uses, but all rely on blockchain technology to operate in a decentralized manner. 10 minutes ago Comment Here is a list of the top altcoins, memecoins, and stablecoins to know in 2024: Major Altcoins: -Ethereum (ETH) -Cardano (ADA) -Solana (SOL) -Polkadot (DOT) -Ripple (XRP) -Litecoin (LTC) -Chainlink (LINK) -Polygon (MATIC) -Avalanche (AVAX) -Tron (TRX) Popular Memecoins: -Dogecoin (DOGE) -Shiba Inu (SHIB) -Pepe (PEPE) -Bonk (BONK) -Book of Meme (BOME) Top Stablecoins: -Tether (USDT) -USD Coin (USDC) -Frax (FRAX) -Dai (DAI) -TrueUSD (TUSD) -First Digital USD (FDUSD) -Decentralized USD (USDD) Altcoins are alternative cryptocurrencies to Bitcoin, often offering specific features or use cases. Memecoins are cryptocurrencies that were initially created as jokes but have sometimes gained popularity. Stablecoins are cryptocurrencies designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. Each category has its own characteristics: -Major altcoins often aim to solve specific problems or provide platforms for the development of decentralized applications. -Memecoins are generally driven by their community and can experience high volatility. -Stablecoins seek to offer the stability of traditional currencies while retaining the benefits of cryptocurrencies. It is important to note that the cryptocurrency market is very dynamic and the popularity and value of these tokens can fluctuate rapidly
BITSTAMP:BTCUSDEducation
by Le-Loup-de-Zurich
ETH FLAG & POLE BREAKOUT RETEST A flag and pole breakout is a popular chart pattern in technical analysis, often used to identify potential continuation of a trend. Here’s a breakdown of the pattern: Components of the Flag and Pole Pattern: The Pole: This is the initial sharp move in price, either up or down, which forms the “pole” of the pattern. The Flag: Following the pole, the price consolidates in a small, rectangular range, forming the “flag.” This consolidation can be horizontal or slightly angled against the prevailing trend. Types of Flag Patterns: Bullish Flag: Occurs in an uptrend. The pole is formed by a strong upward move, followed by a consolidation period. The breakout from the flag typically signals a continuation of the uptrend12. Bearish Flag: Occurs in a downtrend. The pole is formed by a sharp downward move, followed by a consolidation period. The breakout from the flag typically signals a continuation of the downtrend3. Key Characteristics: Volume Pattern: Volume usually increases during the formation of the pole and decreases during the consolidation phase. A breakout is often accompanied by a surge in volume1. Breakout Confirmation: The pattern is confirmed when the price breaks out of the flag in the direction of the preceding trend4. Trading the Flag and Pole Breakout: Identify the Pattern: Look for a strong move (pole) followed by a consolidation (flag). Wait for the Breakout: Enter a trade when the price breaks out of the flag in the direction of the initial move. Set Targets: The target price is often estimated by measuring the length of the pole and projecting it from the breakout point12. Manage Risk: Place a stop loss just outside the flag on the opposite side of the breakout5.
Long
by Faizgazi
Ethereum Swing Long Update- Ethereum is currently trading at 2697 - Ethereum is highly undervalued in this current market scenario - If we compare Ethereum with other Crypto Majors Bitcoin Solana XRP all of them have recovered massively but Ethereum is still down by 30% from its recent swing high - Ethereum needs to flip 2800$ and its going to be an important zone for ETH to flip for an impulsive leg towards 3600$ where we saw ETH last time tanking from post the ETF Approval - If you are looking for Spot Buys then watch out 2550-2620$ I don't think we should fall below 2300$ but if we do you know what needs to be done - Watch out for spot bids and don't try to short the market in every rise you see, you will get liquidated very bad
Long
by VKtradesimbalance
Near Protocol Swing Update - Near Protocol is currently trading at 5.3$ - Near printed 52% from my previous call out and now I believe the time has come when we can see it retracing back to the Bullish Fair Value Gap drawn - The pump and the move were quite impulsive and if you didn't catch it at its base there is no point in catching it this late - If you are interested in buying Near then it is better you wait for conservative entries and wait for the FVG to get filled first - Till then sit at the sidelines
Short
by VKtradesimbalance
BTCUSDT update : 6months range ? Are we OVER ?Are we finally over these almost 7 months range ? The post-halving situation is not super illiidc as we belived. But, if we analysised the last halving, we can find few similaity with the today situation. The 2020 halving started from an historical higher high price level, the movements were slower, and BTC undertook a lateral position before hit the post-halving target of 2021. Originally, these new movement of the post-halving event, were liked to the worldwide pandemic situation that led the price decreased before the bullrun. But honestly, I have to reconsider my theory. The capitalisation and price of bitcoin has reached historical maximum. We are in a situation never seen before, and guys, if your reading this, so you are passionate, fyi, we are in the 1% of population. Reconnecting to the analysis. GOOD JOB for the last target! We hitted the 50k white line which was highly POI and POL for several reason (I leave the link in description). WHAT'S now ? Are we coming our for this endless range ? My answer is YES! We need more information and confirmation but here the actual situation of BTCUSDT. The 50K target, pulled down by the hiìeat liquidation map price of 51K too, was taken on the first week of august. The strong rejection and absorption is a confirmation of our thesis: btc will go down to recover few liquidation zone left behind before hit the post-halving target. The star/doji red candle in the week after, shows an high negotiation and barging power between buyer and sellers (not considering whales and insitutional injection). As said in the previous analysis, this pattern could led us think of a BOS, but only if the graph would have overpassed the 50k target. Otherwise would have been just a liquidity recover. As it was. Further confirmation of our thesis. Right now, we see buyers in a stronger position than sellers. The price created a new lower low, below the last red candle,but stopped at a previous range of February 2024. Buyers are stronger, as candle pattern clearly shows with strong and full bullish engulfings. Last week was positive for whoever was on long position on BTC: the price created a new HH, upcoming the 65K local maximum. Our new last take profit coincides with the last target of buy in weekly, necessary confirmation for a bullish movement. I will still be waiting for the 73K level to be broke to be totally convinced of a long position for the long term as revelas pattern. In the long term, I will keep an eye on the 42K level for short and 80K as TP1 for long term buy and holds. In the short term, a full recover till 67K to break the range is likely, but I am also aware of a drawdow possibility before, which will consolidate the price. We have to be informed about whales and institutions transaction, visibile on the book order, and the liquidation heatmap for POI and liquidity pools. In conclusion, the future increase of the price and volumes is right on the corner, the drawdown may happen around the range breakage (or BOS) and I belive in a future flag pattern to take the next targets, so I am more inclined to think of a new range creation than a strong leg for the 73K-80K target and a subsequent reabsorbation of the price back to 65K.
Long
by itsmcasalinii
1
PEPE Swing Long Trade Update - Pepe is currently Trading at .00001057 - PEPE has shown impulsive moves and still is showing the same for the past 2 days - It will be essential to see how the weekly candle closes for PEPE - If you are holding Pepe then continue holding it as I think we can soon see this pumping another 30% from here - Now let's talk about the odds if Pepe doesn't pump from here we can even see this dumping towards the FVG it has created and I think that will be a very conservative entry - If you are looking for Spot Accumulation then make sure you wait and look for a conservative entry
Long
by VKtradesimbalance
What Does Technical Analysis Of MOONDENG Price Highligh After St Despite its relatively short time in the market, MOO DENG has shown impressive gains, causing excitement and FOMO among investors. Those who invested early are now enjoying substantial profits. This week, the price surged from a low of $0.01533 to a high of $0.22810, making for an exciting journey on the hourly chart. The price has demonstrated strong upward movement at various resistance levels, such as $0.060 and $0.122, with the next significant hurdle at $0.20. On the hourly chart, the price has consistently stayed above the 20-day and 50-day EMA bands, indicating bullish momentum. The rapid gains of an early investor, who turned $1,331 into $3.4 million, have attracted more participants, fueling ambitious expectations for similar results. If MOO DENG can break through the recent resistance levels, the next targets are $0.22 and $0.25. However, if it fails to surpass $0.20, the support levels are $0.17 and $0.15.
Long
by Sam_TCR