Bitcoinlayer2 — Trading Ideas on TradingView

ELASTOS #ELA Could be a nice leverage play on BTC As more and more things are being built on and around the big chain It's a solid way to invest riding it's coattails as Bitcoin continues on it's path to 100k plus Elastos is a sidechain of BTC --- apparently lets dig around and see what else we can find

Time to buy? STXUSDT You can see the support line is broken down last week. Now, it's trading around 0.62x, do you think can buy this time, this price? I think not yet. I expect BINANCE:STXUSDT hit the first all time high zone 0.4-0.5 So wait and see

TradeCityPro | STXUSDT Sellers Final Attempt 👋 Welcome to TradeCityPro Channel! Let’s analyze one of my favorite coins, STX, which serves as Bitcoin's layer 2 and is currently in a better condition compared to other altcoins. 🌐 Overview Bitcoin As always, before analyzing STX, we’ll take a quick look at Bitcoin on the 1-hour timeframe. Bitcoin bounced off the 102873 support, with its recent fluctuations caused by the Trump-related events and their accompanying market noise. Bitcoin dominance continues to climb, and it’s likely we’ll see a new high along with bullish movement in Bitcoin dominance. It’s a good idea to either open long positions on Bitcoin or hold your existing long positions. Altcoins paired with Bitcoin that are showing bullish signs might also see upward movement. 📊 Weekly Timeframe On the weekly timeframe, STX stands out as one of the most bullish coins in the market, alongside Solana, Doge, and Sui. This highlights the strong current position of this project. The key resistance level is at 2.708, while the 3.696 ATH can be considered a fake breakout. For trading, it’s better to base your entries and positions on the 2.708 resistance. The coin has been moving along an important supportive trendline that had multiple successful retests. However, this trendline has been broken, a pullback occurred, and the trendline trigger activated with the breakout at 1.299, which currently serves as a critical support. This level is both a major weekly support and the 0.382 Fibonacci level. If broken, the price could drop further to 0.738. For new entries, either wait for the 1.765 level in lower timeframes or the primary trigger at 2.708. Exiting below 1.299 in profit might be a smart move. If the price reclaims this box, you can re-enter. Although this strategy reduces the number of coins, it ensures no USD losses. 📈 Daily Timeframe On the daily timeframe, the price is at the 1.355 significant support level, with lower highs and relatively flat lows forming a compression pattern and a trendline. I won’t exit my spot holdings below 1.355, but I may take the risk of opening a short position after breaking this trigger. Part of the profits from this short position can be used to accumulate more STX coins for long-term holding. For re-entry on the daily timeframe, momentum or a trend reversal is necessary. This could happen with a fake breakout of 1.355, which is a critical support level. Buyers will likely make an effort to defend it. Alternatively, you can wait for the trendline breakout and the 1.674 level to open your spot positions with a risky stop-loss below 1.355. A breakout above RSI 50 can also serve as confirmation. ⏱ 4-Hour Timeframe On the 4-hour timeframe, the chart shows consolidation near the 1.355 critical support, oscillating within the 1.355 to 1.674 box, with sellers slightly stronger. 📉 Short Position Trigger The short position trigger is clear. After breaking 1.355, I’ll open a short position. If the price moves closer to this level, I might also place a stop-sell order if bearish volume increases. 📈 Long Position Trigger Long positions are trickier with this chart. For such positions, I’d either check other charts or wait for a higher high and low or a fake breakout of 1.355 before considering opening a long position. www.tradingview.com 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends!

STXUSDT touch confluence | Long Bias On week chart BINANCE:STXUSDT hit and bounce back from the ascending trend line and Golden Ratio on week chart On 4H timeframe BINANCE:STXUSDT had returned to fill orders and bounce back With signals from week and 4h timeframes, my opinion likely Long bias for this time and wait confirmation to trade Wait and see

STX SHORT RETEST stx is looking strong despite current market sentiment. we tested resistance at ..67 cent.we are now retesting the 200 although stoch rsi are overbought so a continued retest to the 50 and 20 running in confluence is my expectation if taking the long i would put a stop loss at either 57cent or if you want more exposer 52 cent is the swing low i am expecting the bounce at 60 cent i would enter the long there and target .84 cent we need to break through ..68 first