BTCUSD Longs/Shorts Ratio Shows Support For BitcoinBTCUSD Longs/Shorts Ratio chart came back to the lower side of a range very quickly, which can be supportive for the Bitcoin based on the past reactions, so be aware of a bullish continuation.
Cryptos
Bitcoin chart showing a large bearish and a smaller bullish H&S Bitcoin chart is showing a large bearish and a smaller bullish H&S pattern, wrestling over price action.
Who is going to win?
Merely technically speaking I would rather have a bearish bias.
This is no trading advice.
I use this platform for CMT training only.
Cheers!
Bitcoin Can Be Making A Higher Degree CorrectionBitcoin with ticker BTCUSD is coming down out of the wedge pattern and it looks to have a completed wave (5) of 3, so we should be aware of deeper, higher degree (A)-(B)-(C) corrective setback within wave 4. It can actually retrace the price back to 64k - 59k support zone before we will see a bullish continuation for wave 5 of III.
ITCITC is currently trading at a support level. If you are considering trades, here are some levels you may want to keep in mind.
ETHUSD Support and Sell $3510 on Daily Chart.Daily chart Support is $3510 and if it goes breaches the Tenkan Sen, the next support is way below. Be cautious and also be on the look out
BTCUSDTFrom a technical perspective, the trend is bullish on the main time frame. But at the same time, in the short term, BTC has reached an interesting resistance level on the daily chart. I think it might cause a pullback around the first or second support area. If the price cannot break through the 74179 level, consider selling in the red zone.
>>GooD Luck 😊
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LINKUSDT|Important areas and roadmapHi guys
You can see the popular currency chart link in the daily time frame.
I have identified the important areas of supply and demand for you.
Although we have crossed the range area and we have a close candle above this area, but it is placed on an important daily supply area and also the return candle has stabilized.
To ensure the continuation of the uptrend, we need to wait for the daily supply area to break.
In the second scenario, we can enter selling positions in small time frames by seeing reversal patterns.
For the growth of the link, if he gives us a confirmation, we can expect to go up to the target (25.6-2703).
SUPPLY ZONE (17.2-18.2) - (17.8-18.8) - (25.6-27.3)
DEMAND ZONE (15-15.5) - (13.5-14.5) - (11.7-12.3)
Litecoin: consolidation in mid-term?Hi Traders!
From a technical point of view, CRYPTOCAP:LTC could be very interesting for Day Traders who like to accumulate positions, in fact this is our strategy on this Crypto. Targets on daily time frames are very clear and simple: 102 (Target 1) and 130 (Target 2).
The Trend on this Time frame is still bearish, and if the support around 56 area fails, a new bottom is possible before a price recovery, but if this happens it will be an interesting opportunity to add long positions.
Trade with care
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Bitcoin Dominance Is Still HereDespite the fact that Bitcoin is breaking all-time highs and that some ALTcoins are already on the rise, Bitcoin dominance is actually still here and there can be space for more upside to complete a five-wave bullish impulse before Bitcoin dominance slows down and ALTcoin dominance kicks in. From Elliott wave perspective, we are tracking a bullish triangle in wave 4 that can push Bitcoin dominance towards 57% - 60% for wave 5.
XRP: Harmonic Structure in play in mid-term?Hi Traders!
In the long term the trend is still bearish especially on high time frames, but if we look at the intraday chart, from a technical point of view we do not exclude the formation of a bullish harmonic structure with potential Target 1 around 1.15 area and subsequently 1.40 area. Having said that, if we look at 8H chart, we see resistance area around 0.6983, but if the trend is bullish and our analysis is correct, after first touch and pullback, we expect an important breakout of it.
Trade with care
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Vite - Big Upside PotentialVite broke the down trend line on the 3D timeframe that was holding the price since April 2021, and is now trading above the MAS, which is bullish.
The upside potential is high in this setup, but I will be even more bullish when the price manages to break out the resistance at 0.038 and use it as support.
GTAI/USDTA decisive retest has occurred within the strong zone. Now, it's poised for an upward move. If BTC maintains a position above 70k, we can anticipate a first target at $6 and a second target at $8.5.
Octavia A distinct breakout is evident on the 4-hour chart, with the upcoming target clearly indicated. I identify a favorable buying opportunity if the BCT remains above the 70k level.
CULT DAO BILLION DOLLAR MARKET CAP PROGRAMMED Billion dollar market cap is programmed.
Sine Lines showing possible top April 2025 matchs with length of Chainlink and Bitcoin cycle tops.
Fib date July-Sept 2024 could be the start final wave up to to April 2024. Billion dollar market cap sits on the high end Fib levels so within the range of what is possible.
XRP MOONSHOTXRP right now is following history pretty closely.
As you can see from the main chart, XRP is potentially mirroring the same fractal formed back from 2013-2017. If history repeats, there will be a massive breakout for XRP.
There is quite a bit of evidence to support this.
First of all, the multi-year symmetrical triangle that has formed just like in 2012. It's taken years to form, but here we are in 2024 at the apex of it.
Within the triangle, even the fractal looks the same. You can see marked out points inside.
[Link 1: MACD on the weekly
is showing the same histogram readings as back then, with three big waves, two small, then a bullish cross on the MACD. Exactly the same has happened right now.
Bitcoin had just touched an all-time high again and had a pullback. It is at this moment XRP had its moonshot.
Tell me, what are the chances we have now formed a second multi-year triangle and it just happens that Bitcoin has broken all-time high at the apex?
The stars and planets seem to be aligning once again. It's just a matter of time before some big news comes out and this slingshots.
seem to be pretty crazy targets all around for the XRP community lol. No idea where they're coming up with hundreds of dollars price targets, but if you would have a mirror move, then yeah, $575.
The chances it goes to $575 this bull run are under 1%, let's be honest. The money required to get a mirror move is insane. So, a more grounded target this run would be a max of $10-14, with the first wave hitting $3-5.
Sandbox (SAND/USDT): Trend is still bullish, next Target?Hi Traders!
From our point of view #SAND still remains very interesting for Investors and Day Traders . If we look at the 6H chart, we see that there is still room for appreciation in the short and medium term. From a technical point of view, the trend is still bullish on the daily chart and the next targets are around 0.9628 area and 1.40 area. That said, if our analysis is still correct, it is possible to continue accumulating long positions on the next corrective structure (pullback) that may appear on intraday time frame. In the next update that we will publish below, we will also try to show some interesting technical levels, but to do this we also need your support, a Like and a comment will be appreciated.
INFO
The Sandbox SANDUSD is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By using the Ethereum blockchain, Sandbox ensures that players have true ownership of their assets, which can include anything from virtual plots of land to in-game characters. The native utility token of the platform is SAND, which serves multiple purposes such as a medium of exchange, governance through voting, staking, and rewarding players and creators. The platform's primary goal is to introduce blockchain technology into mainstream gaming, successfully bridging the gap between the virtual world and real-world ownership.
In conclusion, this crypto still remains in our portfolios and we hope to be able to add more.
APT/USDT Main trend. Wedge. Logarithm. Timeframe 3 days. It is forming, as on many mid-liquidity altcoins—a descending wedge.
Here's what it looks like on a line price chart .
Pivot Zones. Trading Strategies. .
At the moment, the drop is -76%. Usually assets of this liquidity fall by -90%, but perhaps now is not the time yet or there is too much hype for cryptocurrency. You can work from the average set/reset price, i.e. allocate money in advance. Another option is to wait for the breakdown of the wedge.
Risk and mani-management.
Remember that with the general market situation, localized takeouts (squeezes) of stop-losses are possible. More globally, do not rule out the possibility of a so-called "black swan" (not a crypto story) since 03 2020 at the dumping of the crown virus. Then the descending wedge can break with one stick - squeeze (like the whole market), and no matter how beautiful the chart of this cryptocurrency looked earlier. If that happens, only buy with a net of orders and disconnect from media news scaremongering.
Scare and save, this is the essence of wolves earning money and loss of funds of illusorily scared and then saved sheep. .
In any case, the descending wedge has been formed (bullish formation), breaking through its resistance (breaking the downtrend) is a matter of time, not the action itself. Moreover, this very HYIP and something "valuable" should be sold (create HYIP and media demand) to those who do not appreciate such things and do not divide cryptocurrencies into good and bad, because they are just tools with the help of which "out of nothing" you can make fabulous money on the faith of fools in something abstract.
Do not catch the lows and highs of the trend. Work logic like the big market participants:
"I never know the exact future, but there is a more likely or less likely scenario, those are the ones I stick to. I am prepared for any localized outcome of events, even the less likely". Absolutely not interested in crypto news and majority opinion" .
BTCUSDTBTCUSDT price is in an uptrend. At the new resistance zone 69087-69579 if the price cannot break through. It is expected that there is a chance that in the short term the price will go down.
>>GooD Luck 😊
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Bitcoin Slows Down For A Higher Degree A-B-C CorrectionBTCUSD hit projected target area for wave III and it's now turning down after the BTC spot ETF approval, ideally within a higher degree wave IV correction before the uptrend for wave V resumes. Looking at the 4-hour chart, we are tracking a three-wave A-B-C corrective setback that can retest 40k-38k support area, so after wave B recovery, watch out for more weakness within wave C.
DeFi Index Can Be Rising Within 5th Wave Of An ImpulseThe DeFi Index is a capitalization-weighted index that tracks the performance of some of the largest protocols in the decentralized finance (DeFi) space.
DeFi Index is trading an in impulsive recovery away from the lows, which is from Elliott wave perspective ideally unfolding a five-wave bullish cycle. After recent corrective slow down, which we see it as a wave (4) correction, seems like it's now on the way higher within 5th wave that can push DeFi coins higher in upcoming days/weeks.
OMG Network May Face A Larger RecoveryOMG Network with ticker OMGUSD nicely stabilized and the end of 2023, clearly within a five-wave bullish cycle that belongs to first leg (A)/(1) of a minimum three-wave (A)/(1) - (B)/(2) - (C)/(3) recovery.
Since the start of the 2024, we have seen slow, choppy and overlapped decline, which clearly looks like a correction, ideally W-X-Y complex one in wave (B)/(2) that stopped and perfect former wave 4 support near golden 61,8% Fibonacci retracement.
By current sharp bounce back above the trendline, seems like OMG is looking for a larger recovery within wave (C) or (3) that can retest at least the December 2023 highs for wave (C) or it will go even higher for wave (3).
Cardano Can Retest December 2023 HighsCardano with ticker ADAUSD can be trading in a higher degree wave (5) that can retest the December 2023 highs.
Looking at the short-term hourly chart, we see it slowing down for subwave iv correction before a continuation higher for wave v of (5) towards 0.70 - 1.00 target area. Ideal support comes here around base channel resistance line and 0.58 - 0.56 area.
