BtcHello friends, as you can see in the chart, I still expect another upward movement and after that we can expect a falling movement at least up to the target area.
Cryptos
BNB - ☁️ Ahead; Bearish Momentum On 🐻Binance finds itself navigating through challenging conditions in the coming 24 hours. Clouds of uncertainty loom over this digital currency exchange giant, symbolized aptly by ☁️.
Strong bullish sun ☀️ shines over the global crypto market in the next 24 hours, indicating upside potential for other coins, such as BTC.
Over a one-week horizon, trading conditions will turn more mixed with Bitcoin, Litecoin, Uniswap, and Chainlink likely to continue to benefit from the sunny bullish trend ☀️, while other altcoins like Ether and XRP may face cloudier if not rainy bearish conditions, as ATTMO indicates. 🌧️📉
Follow us for more crypto weather reports!
BTC ☀️ 24 Hrs & 1-Week Horizon, BNB, ETH, XRP 🌧️Strong bullish sun ☀️ shines over the global crypto market in the next 24 hours, indicating upside potential. Binance bucks this positive trend. ☁️
Over a one-week horizon, trading conditions will turn more mixed with Bitcoin, Litecoin, Uniswap, and Chainlink likely to continue to benefit from the sunny bullish trend ☀️, while other altcoins like Ether and XRP may face cloudier if not rainy bearish conditions, as ATTMO indicates. 🌧️📉
Follow us for more crypto weather reports!
BTCUSD On a major Resistance cluster. Massive pump if broken.Bitcoin / BTCUSD is testing the Falling Resistance today, slightly over the 1day MA50 and under the 1day MA200.
This is a key Resistance cluster, which if broken opens the way to a potential massive price rise.
A similar test of the respective Falling Resistance took place on June 20th, again on the 1day MA50. When broken the price reached Resistance Zone A. Both rises have ocurred on Support Zone A.
The 1day RSI is on the very same level, indicating a high degree of symmetry.
Buy a potential cross over the Falling Resistance and target 31000 (bottom of Resistance Zone A).
Follow us, like the idea and leave a comment below!!
GRTUSD: Falling Wegde buy to 0.10250.The Graph is on a short term rise with the 1D technicals still neutral (RSI = 53.312, MACD = -0.002, ADX = 25.119) trading towards the 1D MA50. This is the Resistance since the end of July. This is a LL rebound at the bottom of the Rising Wedge pattern which is inside a wider Channel Down.
We are going long now, aiming at the top of the pattern (TP = 0.1025). On the long term, the price needs to cross above the 1D MA200 (as on January 23rd) in order to get a trend change and a breakout bullish signal. Technically the crypto can reach even the 1.382 Fibonacci extension (0.3500) from there.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Three scenarios to continue the processIn this analysis, we checked that when they reach the specified and important areas, we can make better decisions on these areas and enter into our trades, so wait until you reach the desired areas so that the reactions to those analytical areas become completely clear.
KASUSD: Initiated the new rally phase to 0.1100KASUSD / Kaspa recovered the recently lost Support of the 1day MA50 and almost reached the August 7th High.
With the Rising Support holding, the long term bullish trend is intact.
Based on a similar rise since the start of the year, the price is just starting the new rally.
Buy now and target the 2.618 Fibonacci extension at 0.11000.
Follow us, like the idea and leave a comment below!!
XECUSD: This rise may be a trap.XECUSD turned bullish on the 1D technical outlook (RSI = 59.865, MACD = 0.000, ADX = 22.430) as it is having the strongest 1D candle since June 30th. By doing so it hit both the 1D MA50 and MA200.
However the long term pattern remains a Channel Down since more than a year and that can only change it the Rectangle that has emerged since January, prevails. We can't know that yet but we do know that the 0.618 Fibonacci level inside the Channel has been the most common buy entry since June 2022. Consequently we are untouched by today's rise and will wait for that buy opportunity lower.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
ETH's 🌤️ Forecast - Bullish Trend Over the Next 24 Hours Sun with scattered clouds 🌤️ lie ahead for Ethereum in the next 24 hours, signaling a slightly bullish market with upside potential. Most other altcoins will face cloudier, bearish trading conditions over this time span. ☁️
Over a one-week horizon, these cloudier trading conditions ☁️ will extend to both Bitcoin and Ethereum, indicating a slight downside risk. Cardano and Chainlink buck this negative trend and will remain sunny and bullish. 🌞
Follow us for more crypto weather reports!
BTC, ETH 🌤️ 24 Hrs - Bullish Signal; ☁️ Next Week? Sun with scattered clouds 🌤️ lie ahead for Bitcoin and Ethereum in the next 24 hours, signaling a slightly bullish market with upside potential. Most other altcoins will face cloudier, bearish trading conditions over this time span. ☁️
Over a one-week horizon, these cloudier trading conditions ☁️ will extend to both Bitcoin and Ethereum, indicating a slight downside risk. Cardano and Chainlink buck this negative trend and will remain sunny and bullish. 🌞
Follow us for more crypto weather reports!
BTCUSD Inverse Head and Shoulders breaking the Falling Wegde.Bitcoin crossed today over the Falling Resistance / top of the Falling Wedge pattern.
This will turn into a buy breakout signal if it closes a (4h) candle over it. The MA50 (4h) has already turned into Support.
This Support is holding the Right Shoulder of an emerging Inverse Head and Shoulders pattern, which is a bullish bottom formation.
This can be the transition from the bearish (Falling Wedge) to the bullish (Inverse Head and Shoulders) trend.
Trading Plan:
1. Buy if a (4h) candle closes above the Falling Resistance.
Targets:
1. 27900 (Fibonacci 2.0 extension, standard Inverse Head and Shoulders target).
Tips:
1. The MA50 (4h) can cross above the MA200 (4h) inside the next 2-3 days. That is the well known Golden Cross formation, a powerful bullish pattern.
Please like, follow and comment!!
Notes:
Past trading plan:
FLOWUSD Huge Falling Wedge and 4hour MA200 breakoutFLOWUSD is crossing today over both the giant Falling Wedge pattern that started at the beginning of 2023 and the 4hour MA200, which has been a Resistance since July 24th.
It is easy to understand that this is a major bullish development for the long term trend. The short term Resistance that is left is the 1day MA50 and that is only $3 away.
As you see we've split the analysis into two charts the 4hour (left) and the 1day (right). Both have the next common bullish benchmark at 0.63500, on the 4hour that's the 0.618 Fibonacci from the July 3rd top and on the 1day it is an estimated contact course with the 1day MA200, the major Resistance October 5th 2021! This can be used as the target.
50% buy can be entered now and the other 50% after a 1day candle close over the 1day MA50. Target 0.63500.
Follow us, like the idea and leave a comment below!!
XDCUSD: Get ready for this signal.XDCUSD is neutral on the 1D timeframe (RSI = 51.811, MACD = -0.002, ADX = 40.140) with the price consolidating insde the 1D MA50 and the 0.0500 Support. In accordance to the two prior consolidation into recovery waves of this Fibonacci Channel, the next crossing over the 1D MA50, will be a buy signal.
The 1D MACD pattern is a lot like the bottom formations of February and June. Be ready to buy that breakout and target R1 (TP = 0.09350).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
AXSUSD: 1D MA50 rejection within the Channel Down. Bullish aboveAXSUSD is testing now the 1D MA50, which is sitting a little under the top of the prolonged Channel Down pattern that began at the start of the year. The 1D technical outlook is neutral (RSI = 46.158, MACD = -0.240, ADX = 38.786) meaning that a crossing over the top of the Channel Down will turn the trend bullish but as long as the price stays inside it, it is bearish.
This might be a rejection similar to May 17th, which dropped to a Fibonacci 2.0 Lower Low. For now we are bearish, targeting the respective Fibonacci 2.0 (TP = 3.1500). If on the contrary it breaks above the Channel Down we will buy and target the 1D MA200 (TP = 6.3500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Polkadot (DOT) Falls to Lowest Weekly Close Since 2020Polkadot (DOT) recently experienced a significant breakdown as it fell below the crucial $4.20 support level, marking its lowest weekly close since 2020. This decline has raised concerns among investors and analysts alike.
DOT has been following a bearish trajectory since reaching its yearly high of $7.90 in February 2023. It slid below the $4.20 support level, which had held since the beginning of the year. Such breakdowns from long-standing support levels often trigger substantial declines.
The conjunction of this support area and a descending resistance line has formed a descending triangle, a bearish pattern that underscores the breakdown and hints at the possibility of further losses.
Potential scenarios
If the downtrend persists, DOT's price could potentially drop by another 50%, reaching the $2 horizontal support area, aligning with its all-time lows from August 2020.
However, if DOT manages to reclaim the $4.20 area and break free from the descending resistance line, it could trigger an impressive 85% price surge toward the $7.50 resistance area.
The weekly Ultimate Oscillator, a momentum indicator used to determine overbought or oversold conditions, supports the prevailing downtrend, with readings below 50 and a declining trend considered bearish signals.
Bottom Line: Despite the bearish predictions for DOT, a potential breakout from the channel and the $4.40 area could pave the way for an 85% surge toward the $7.50 resistance region.
BTCUSD: Is the new rally to +30k about to start?Bitcoin is on the second green 1D candle in a row trading on neutral 1D technicals (RSI = 46.543, MACD = -510.500, ADX = 23.740) despite being at the bottom of the 2 month downtrend, almost on S1 (24,800), which was the June 15th low.
There is a significant bullish divergence on the 1D RSI being on HL as opposed to the candles being on an LL trendline. This is an early buy opportunity that will be confirmed when the price closes the first 1D candle over the 1D MA50 (hasn't done so since August 1st). As you can see, this structure is very symmetrical to May-June.
We will buy the breakout and target the HH trendline (TP = 32,500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
KASUSD: Above the 1D MA50, confirmed new rally.KASUSD crossed over the 1D MA50, which has been the Resistance last week, and on a bullish 1D technical outlook (RSI = 63.474, MACD = 0.006, ADX = 30.066) is extending the rise after making on September 5th a bottom on the long term Channel Up. The technical target is the 2.5 Fibonacci level (TP = 0.10500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
ETHUSD Oversold and at the bottom of the Channel Down. Bullish.Ethereum is technically oversold on the 1D timeframe (RSI = 27.808, MACD = -41.850, ADX = 34.405) and is approaching the bottom of the Channel Down pattern since April. This is a strong buy opportunity, with the upward reach potentially able to extend to a +24.90% rise from the bottom. Buy and TP = 1900.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Bitcoin (BTC): Bearish below 25.600From a technical point of view, Bitcoin could trigger a bearish consolidation below 25,600, if this happens, the first level to reach will be the support around 25,000, and subsequently it could reach 23.9/22.9k area.
Trade with care
Like | Share | Comment
BTCUSD Buy a break above the 1hour MA200.Bitcoin / BTCUSD has been consolidating since the Greyscale pump.
The pre pump Support is still holding and the Fibonacci retracement levels offer a strong sense of the Resistance levels.
The 1hour RSI displays the same Bullish Divergence on a Rising Support as the pre Greyscale pump.
Buy when the price crosses over the 1hour MA200 and target 28000.
Follow us, like the idea and leave a comment below!!
Is BTC Headed to 2019 Bear Market Lows - SHORT -85%?In this video analysis, we dive deep into the current state of Bitcoin's price action. We'll explore the critical M formation that emerged in June 2021 and how Bitcoin is currently resisting its lower boundary. We'll also discuss the ongoing corrective b-wave within the larger wave C, examining potential upside targets.
Join us as we analyze key support and resistance levels, Fibonacci retracements, and Elliott Wave Theory to provide insights into where Bitcoin might be headed next. Our target zone of interest? The 2019 bear market lows, situated between $3,000 and $4,900, which aligns with the 1.618 to 1.272 Fibonacci levels of the preceding wave a.
Stay ahead of the cryptocurrency market trends with our in-depth technical analysis. Don't miss this opportunity to gain a comprehensive understanding of Bitcoin's potential price movements and make informed trading decisions.
BTCUSD: This MA Cross may be a bottom signal. $32k target.Bitcoin has been on an almost 20 day consolidation (excluding the Greyscale bounce) with the 1H technicals neutral (RSI = 50.047, MACD = -22.300, ADX = 23.021) during most of this time. This is an excellent framework for short term scalping while on the long term potentially hints to a bottom formation on the HL trendline of the long term Channel Up pattern.
Additionally, the 1D MA50/100 Cross that was formed four days ago, was a bottom signal last time it was formed (June 15th). Keep a tight SL below the Channel Up and target near the top of the pattern (TP = 32,000).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
LPT/USDT will move to 7.70-7.90 Soon.Based on the Price Action Analysis, BINANCE:LPTUSDT has a Target to go to 7,70-7,90 Ranges in the upcoming days. I have done the analysis myself, and we are now still in the correction Area, once it's done, we will reach the target in an impulsive way.
Inshallah.
