MATIC Weakness: 2-Year Pennant BROKENAfter a massive pump last cycle, MATIC is one of the weaker bigger alts on the market. It has given away all of the gains made since the October 2023 bull move and is not looking like it will stop dumping. The pennant pattern that has been holding for over 2 years has been broken.
I'm looking at the yellow area for a potential long-term entry. Patience is key.
5-0-pattern
Bitcoin In DANGER: Back to $20,000?Preface: I don't think that going back to $20k is the most likely scenario at this point in time. However, it's valuable to discuss different potential outcomes in an every-changing market. If you disagree and only want to look at one potential outcome it's up to you.
In this analysis I want to take a look at one of my more popular indicators; Bitcoin's Logarithmic Price Bands. In case you want to know more about this indicator, please check out the link on the bottom of this post.
Back in March I made an analysis with a similar title where I discussed the fact that the yellow logarithmic price band has historically proven to be a very strong resistance.
For example, last cycle's mid-cycle pump (summer 2019) found resistance on exactly the same area.
Same can be said for 2013. Both reversals from the yellow bands resulted in a >70% dump (high to low). A 70% dump would mean that BTC will go back to (roughly) 20k.
It's too early to say whether this analysis is correct, but I can imagine a world where this is possible. Compared to previous cycles, we went up too much and too fast with all the ETF news. A deep correction might be needed to get to the elusive 100k.
Happy to hear your thoughts in the comments 🙏
ARBITRUM Triple Bullish Signal!Arbitrum has seen a significant drop in value over the last few weeks, just like most other alts.
Since ARB is one of the newer alts on Binance, it has an above average growth path ahead of it.
Today I found 3 different "indicators" signaling a potential long-term bottom is in:
- Daily RSI has hit oversold
- Dotted purple support has held
- Bullish divergence on the daily RSI
A single indicator would be tricky to trade, but since all 3 are showing that this might be a great entry for a reversal I'm willing to take the bet.
Stop below the support, target around the current all-time highs.
ADA's PERFECT Entry Is Here! To The Moon And BeyondIf you've followed my analyses for a while, you must recognize this chart. I've been looking at ADA's long-term bullish channel for almost a year at this point. Check my previous analysis below.
And today, our (potentially) entry of a lifetime has been hit! Assuming that ADA will keep trading within this channel, the entry is a no-brainer.
As some other investors rightfully pointed out, a 25$ target requires a massive move which is not the most likely scenario (hence the huge risk-reward). For more defensive traders, I've added a new trade with a target at 3$.
Happy to hear your thoughts
JPN225 1440 - ABCD Emerging : 2 hours agoABCD Fibonacci pattern identified at 6/19 07:00.
This pattern is still in the process of forming.
Possible bearish price movement towards target
levels ranging from 39,011.05 to 36,868.95
within the next 8 days.
Expiry Date/Time: 6/27 08:47
OP Parallel Channel Bounce For Huge GainsOP has been trading inside this bullish channel for around 2 years at this point. With OP (and the majority of alts) falling over the last few weeks patient bulls are again in luck.
I'm looking at a relatively safe trade from the bottom support, with a stop below the previous long-term swing low. Target at 7$.
Plan your trade for 6/18/24 - SPY researchHere is another video to help you prepare for the next 2+ weeks of trading in the US markets.
Using my specialized SPY Cycle Patterns and technical analysis, I still see the markets consolidating in a melt-up type of trending over the next 2+ weeks before moving into a strong rally phase near late June/early July.
You can see how my SPY cycle patterns help into understand opportunities and when to prepare for more aggressive trading.
Today is a Harami-Inside pattern - meaning I will be mostly sitting on the sidelines today. Maybe targeting one or two quick trades.
But tomorrow and the rest of this/next week look very solid for more moderate/aggressive trading in bigger price trends. And, I'm going to start preparing for the RALLY, RALLY, RALLY phase near July 1, 2024.
Learn how my specialized research can help you. Learn the Mechanics of Trading.
Let's go get'em.
BTC - Continued Analysis - M-Pattern DANGERContinuing this analysis on the previous one; we see a double top form in the daily as well as the weekly timeframe after the price lost the 50 day moving averages.
In the previous analyses, we looked at Elliot Wave theory and a potential new ATH price zone. However, there was one risk even at that point - the M-Pattern. This pattern is BEARISH and usually leads to quite a significant drop.
The good news, though, is that this is all part of a healthy correction - as long as we hold THIS key zone identified inthe video, we are still well within a bullish market.
Previous update here, where we first spoke about the potential risk of the M-Pattern:
_____________________________
BINANCE:BTCUSDT
Coeur Mining Inc. (CDE) - Bullish Rectangle Continuation PatternAnalysis:
Chart Pattern:
Coeur Mining Inc. (CDE) is currently forming a Bullish Rectangle Continuation pattern, indicating potential for an upward breakout.
Support and Resistance: The stock is consolidating between defined support and resistance levels.
Breakout Potential: A breakout above the resistance level could lead to a significant upward movement.
Target Price: The target price can be estimated based on the height of the rectangle.
Stop-Loss: Set a stop-loss just below the support level to manage risk.
Fundamental Overview:
Revenue (TTM): $846.97M
Net Income: -$108.14M
Total Debt: $593.83M
Current Ratio: 1.00
Conclusion:
The Bullish Rectangle Continuation pattern suggests a potential upward breakout, making Coeur Mining Inc. a promising candidate for short-term gains. However, investors should consider the company's current financial challenges and set appropriate risk management measures.
Investment Note:
Trading stocks inherently involves risks. Carefully consider your financial situation and investment goals before making decisions.
Bitcoin's Best Worst-Case ScenarioPreface: BTC's long-term trend is till bullish, so most likely scenario at this point is a continuation of the trend. Still, it's important to consider different views.
Bitcoin has been trading within the 70k-60k area for the better part of three months at this point. This came after making a (minor) new all-time high. This is the first all-time high that occured before the halving, so rather special.
Worst-case scenario for the bulls would be that we lose the long-term uptrend. Best worst-case would be a strong reversal from the bottom support. This support has been holding for >5 years, so I'd assume that a lot of buyers will be waiting around the support.
If we extrapolate history, Bitcoin should top out somewhere in Q4-2025. A move towards the support during the next few months and then a year of straight bull would fit this view.
More info on how I came to Q4-2025 here:
Do you think Bitcoin is going to make a new all-time high soon? New bear market? Share your thoughts.
WLD Extremely Oversold: Bounce Idea!Just like most alts, WLD has been selling off over the last weeks. However, we're now trading at an RSI of around 26 points on the daily chart, which implies strong oversold conditions.
This analysis is based on the idea that WLD will bounce in the near future. I keep the target relatively close because the longer-term trend is still bearish.
Bitcoin Potentially Forming An Inverse Head & Shoulders: Dump?After yesterday's sell-off I started to wonder what would happen if BTC would fall again and how the price action would look like.
If BTC were to go down again I'd look for a retest of the 61k-60k area (purple dotted line). This area has proven to offer strong support, and can be a stepping stone for an inverse head & shoulders pattern.
Keep in mind that BTC going down to 60k is (in my eyes) less likely than making a new all-time high soon. The pattern has yet to be confirmed. However, if we go down you are prepared.
Altcoins Still In A Bear Market? This Indicator Says YESIn this analysis I want to take a look at an indicator that is not often mentioned, but can say a lot of interesting things about the current state of the market.
Note: we only have a population of 2 (N=2) to look at and deduce information from, so take it with a grain of salt.
The indicator in question is the value of TOTAL3 (total crypto marketcap minus ETH and BTC) divided by the price of Bitcoin (BTCUSD). This indicator measures the strength of altcoins compared to BTC.
In other terms:
Indicator goes up = altcoins outperforming BTC, often during altseasons.
Indicator goes down: BTC outperforming alts, often during bear markets.
In the last 6 years there have been 2 strong alt seasons, which occured at a later stage during the Bitcoin bull-market. The indicator touched the bottom support and shot all the way up towards the top resistance. This caused a massive bull-run in alts, where many did a 10x or more in a matter of weeks.
Looking at the past, it seems that there's still more value to be lost in alts relative to Bitcoin. Assuming we have to touch the bottom support, of course.
Furthermore, nothing about this chart suggests that altcoins are a good investment at the moment. They're only losing more value against BTC, even during the latest move from 30k > 70k.
For now, I'd put an alarm around the bottom support. Once the indicator touches that area it's historically an AMAZING time to switch your Bitcoin to alts.
Happy to hear your thoughts!
RNDR - A long term trade opportunityBINANCE:RNDRUSDT (1D CHART) Technical Analysis Update
RNDR is currently trading at $9.39 and showing overall bullish sentiment. Price has broken out from resistance multiple times and now it has hit the support again and bounced back from the support line. This is showing overall bullish momentum and we have a good long term trade opportunity here.
Entry level: $ 9.43
Stop Loss Level: $ 6.55
TakeProfit 1: $ 10.7598
TakeProfit 2: $ 12.3494
TakeProfit 3: $ 15.6090
TakeProfit 4: $ 19.4590
TakeProfit 5: $ 27.9267
TakeProfit 6: $ 35.9265
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
easy long play on Apple mid-termnice candlestick pattern, apple 1M chart forms a sequence of three distinct candlesticks within the broader context of an uptrend.
Perfect with the drop of AI play by Apple, serious and simply AI, not like other AIs play for the fomo and to the moon shit.
Bitcoin On-Chain: Is The Cycle Over Already?In this analysis I want to discuss a (most likely) unpopular view on the market. Namely, that the "cycle" is already over and that the peak is in for now.
Preface
This is not my most likely outcome for the markets. You can find my most likely outcome below:
Still, it's always advised to keep an open mind and explore different potential outcomes.
Overview
When we look at the last 7-8 years of Bitcoin's newly created addresses we can see that this value follows a clear boom-and-bust pattern. It peaks (green) during mania when everyone wants to step into the market and it declines after the market has topped (red).
For the people who are wondering about the November 2021 peak: on-chain data peaked in Q1-2021.
What this chart suggests is that the "mania" phase of the market cycle is over and that the top is either in or very close. Once the mania phase is over, crazy gains are more rare and trading is more difficult.
I'm interested to hear your thoughts on this idea. Like I said, it's not my most likely outcome, but it's possible that we've topped after the ETF mania.
easy long play on Apple mid-termnice candlestick pattern, apple 1M chart forms a sequence of three distinct candlesticks within the broader context of an uptrend.
Perfect with the drop of AI play by Apple, serious and simply AI, not like other AIs play for the fomo and to the moon shit.
Bitcoin New Update
Next Best Current Support Is Between ($64500 - $66600)
BreakDown Will Lead A Flash Crash Till $60K With A Possible Wick
Holding The Support Can Test The ATH($73777) Again
Till Then,
Make Sure To Use Proper StopLoss Bitcoin (Update)
Next Best Current Support Is Between ($64500 - $66600)
BreakDown Will Lead A Flash Crash Till $60K With A Possible Wick
Holding The Support Can Test The ATH($73777) Again
Till Then,
Make Sure To Use Proper StopLoss
AXSIt seems that according to the maintenance of the upward trend line (we do not have a LL on the price chart), if the resistance range of $8.7 is completely consumed; The probability of the continuation of the upward trend similar to the scenario is high.
If this specified resistance area is not completely consumed, we expect a downward trend and the bullish scenario is invalid.
At the moment, we do not have a signal for a bearish trend on the price chart. On the other hand, a relatively attractive candlestick pattern tangential to the upward trend line has been formed for us.
What do you think?
AUDCHF - Wait For The Next Impulse!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 AUDCHF has been overall bullish, trading within the rising wedge in blue.
Currently, AUDCHF is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting strong support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #AUDCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Bull-Flag Breaking OutIn my most recent BTC analysis I talked about a pending break out of a bull-flag pattern. My previous design was not the one the market agreed upon, so had to redraw the bottom support.
As expected, the price is breaking out through the top resistance as we speak. Wait for the candle to close for confirmation.
My view is quite bullish, so I'm expecting this break out to lead to a new ATH in the coming weeks.
Bitcoin's LAST Hurdle: Short-Squeezing To New Highs!Bitcoin has shown that it's ready for a new all-time high by printing relatively big green candles over the last 3 days. However, the 73k-74k area remains an area of big resistance. Previous buyers are looking for an exit, whilst patient bears wait for the perfect short.
My best guess is that Bitcoin is going to trade around the purple area for a couple of days, flushing out over-leveraged bulls and bears. However, the break out that will follow will likely be violent.
With all the short-stops lying above the current all-time high, it's more than likely that the new all-time high break out will take us multiple percentages above the current ATH. I'm personally aiming at 80k within the first 1-2 days, potentially even 90k in the first week after the break out.
Be patient and dont trade small fake-outs.
