Based on the chart provided for $BTC /USDT in combination with current market factors, here’s a comprehensive analysis of the price action and potential outlook for Bitcoin:

Technical Analysis:
Descending Channel:
The chart illustrates a clear descending channel where Bitcoin has been rejected multiple times from the upper trendline (as shown by red arrows). The price is currently within the boundaries of this channel.

The next possible move is a rejection from the current level, indicating another leg down to test the lower boundary around the $59,000 to $58,000 region.

Support and Resistance:
Resistance: The key level to watch is around $64,000, which has acted as a ceiling for Bitcoin in this descending trend. A successful breakout above this level, confirmed with a retest, could signal a reversal of the downtrend and the start of a new bullish cycle.

Support: On the downside, the $58,000 level serves as strong support. If the price breaks below this, further downside is possible, but a bounce from this region could lead to another attempt to break the upper channel.

EMA Indicators:
The price is trading between two key exponential moving averages (EMAs), suggesting a neutral sentiment in the market. A breakout above the EMAs would likely push BTC towards the upper resistance, whereas a rejection could lead to lower prices.
Fundamental Factors Influencing Bitcoin:
Strength of the US Dollar:

The USD has been strong recently, driven by expectations around Federal Reserve policies. A strong dollar often puts downward pressure on $BTC prices as investors shift to safer, fiat-based assets.

Regulatory Concerns:
Bitcoin has faced increased scrutiny from regulators worldwide, particularly regarding its use in decentralized finance (DeFi) applications. Any unfavorable news on this front could exacerbate the bearish trend.

Activity:
While retail traders remain active, institutional interest in Bitcoin has fluctuated. Any significant inflows or outflows from institutional players could influence market sentiment, leading to sharp price movements.

Conclusion:
The chart suggests a cautious approach to Bitcoin in the near term. If the price fails to break the upper resistance, we could see a further correction down to the $58,000 support zone. However, if the price breaks out of the descending channel and moves above $64,000, it would signal a potential shift to a bullish trend, aiming towards higher levels. Keep an eye on news around the USD and regulatory updates, as$BTC

Good afternoon my dear friend,
$BTC closed three consecutive weeks green in September and this pushed prices as high as the red descending trendline shown on the chart. Each time this resistance level is challenged, we see a continuation of the bearish trend, a down-move.
Immediately after the third green week, the proceeding week $BTC closed red, that's last week. The red candle last week removed all the gains from the prior week and pushed prices a bit lower than the weekly open.
This week, also red, we see an upper wick and the action happening at the session low. Based on candlestick reading, this is extremely bearish price action.
➖ We have the bearish signal of starting the month red.
➖ We now have a bearish signal as we start the week red.
➖ Challenging the descending trendline and seeing a rejection is also a strong signal that points toward lower prices next. Since March 2024, each time this trendline is challenged we see a major drop. The action we are seeing now and what we saw last week confirms this pattern.
We continue to see MA200 trading around $39,965. This level works as a magnet pulling Bitcoin's price toward it. We are looking at the weekly timeframe.
➢ Everything continues to point down.
I will keep you updated if there is any change.
While MA200 is the main support, this is not likely the last and final low.
It can take weeks before the low is in, or a little more than a month.
The next drop is likely the last drop of this major correction before we switch to bullish mode.

Thanks a lot for your continued support.
Thanks a lot for the well wishes and very decent messages in the comments section, this community is filled with intelligent, lovely and wise souls.
Namaste🙏.
$BTC

$BTC
On the 120-minute chart, $BTC is showing bullish momentum.
After several days of stabilization, the situation now suggests further gains.
However, this move was introduced after the NFP data release when the dollar was still strong from a fundamental perspective, which is why we need to be cautious.
However, $BTC can take advantage of this bullish pattern for now and could rise further.
If it rises to 65.5K, I set all possible bullish targets for each stage.

Good afternoon my dear friend,
Looking at Bitcoin on the daily timeframe we now see a confirmation of MA200 as resistance. While in late September there was a fake breakout, this isn't the case this time around.
Yesterday we can see Bitcoin making an attempt to move higher —BTCUSD tried to move above MA200 but failed. The session ended with a long upper wick and closing at the sessions low, a very strong negative candle.
We have a short-term lower high and MA200 confirmed as resistance. These simple signals indicate that Bitcoin is ready to continue lower in the days, weeks and months to come.

Thank you for reading.
Remember to leave a comment with your thoughts, questions and opinions.
Insults and personal attacks are also welcome and tolerated, we are all adults.

Namaste 🙏

$RENDER is currently experiencing volatility as it undergoes price discovery. Despite recent fluctuations, the chart continues to align with a long-term upward trend line, indicating sustained bullish momentum. After a recent dip, Render saw a soft bounce but will require significant buying volume to challenge resistance levels. Render appears to be in a favorable position for long-term investment. A continued upward trend is expected, with potential gains likely in October.

Support - $5.16
Resistance - $5.90
RSI - Neutral
Fear & Greed Index (Binance) - Neutral 49 ( as of 10/8/2024)
$RENDER

Resistance: $SOL Around $145 - $148 (red zone), where price might be rejected.
Support: Around $135 (green zone), the next key area for a potential drop.

Trading Plan $SOL :
Short: Enter if price gets rejected at $145.
Target: Aim for $135.
Stop Loss: Above $148 for safety.

This is a straightforward approach based on current levels and potential price action.
$SOL

Bitcoin ($BTC ) has been consolidating in a tight range after its recent move to the upside, currently trading near the 62k resistance level. Following a strong rally, momentum has begun to cool off, with indicators suggesting a potential pullback to retest major support levels before the next significant move.

Key Technical Levels:
Immediate Resistance: 62k-65k (price has failed to break above this zone multiple times)
Intermediate Support: 50k-55k range (psychological and technical support)
Major Support: 41k (key horizontal support and accumulation zone)

Momentum Indicators:
The MACD (Moving Average Convergence Divergence) has shown signs of bearish divergence on higher time frames, suggesting that bullish momentum is waning. Additionally, the price has started forming lower highs, which indicates a trend reversal in the short term.
This potential pullback should be viewed as a healthy correction within Bitcoin's long-term uptrend, rather than a reversal of the macro bull market. The 41k area, which aligns with both historical price action and Fibonacci retracement levels, is the level to watch.

Why the 41k Level Matters:
Historical Support: The 41k level served as a critical support during the previous cycle, acting as a strong accumulation zone before Bitcoin's meteoric rise to new all-time highs. Previous touches of this level have seen strong buy-side interest, making it a key psychological and technical zone.
Volume Profile: The 41k area has shown a significant volume node in past trading activity, meaning there is high trading interest at this level. A return to this area could likely see an influx of buyers stepping in to support the price, making it a solid zone for a potential reversal.

Healthy Retracement: After a strong rally, it's typical for Bitcoin to pull back to key support levels before making a new push higher. A retracement to 41k would represent approximately a 50% retracement from its recent highs, which aligns with the usual $BTC historical retracement pattern.

Trade Idea:
Strategy: Look for a pullback to the 41k-43k range, where Bitcoin is likely to find significant support. This would be an ideal entry point for long positions, with the potential for a strong bounce.

Confirmation: Watch for bullish signals such as a price reversal with higher lows, increasing buy volume, or a bullish crossover on the MACD once Bitcoin approaches the 41k zone.

Conclusion:
Bitcoin's current consolidation hints at a deeper pullback, but the 41k support zone offers a high-probability buying opportunity. This level has historically been a solid floor for accumulation and is likely to attract strong demand, making it an attractive entry point for traders looking to position for the next major rally. If Bitcoin successfully defends this level, we will see a powerful leg up toward new all-time highs, surpassing 70k-80k in the coming months.
Keep an eye on this level and be prepared to act when the opportunity presents itself.
$BTC

Phase 1 $BTC (Beach time): While some of the retail traders are having a blast around the globe due to BITCOIN BEARISHNESS, it's time to hit the beach shore for a blast time.

Phase: 2 (EARTHQUAKE): many will wonder!

Phase: 3 (TSUNAMI WAVE): all will panic

1Mo timeframe shows PIVOT HIGH is next. Follow the pattern with cold hard facts. This isn't a failed rally because there is no indication here BITCOIN is headed to destruction, in fact, it's accompanied by a BULLISH HARAMI pattern. Once BITCOIN reaches PIVOT HIGH then comes the BOS.
THE ROCKET IS READY. It's waiting for BITCOIN to break resistance to start the rocket steam for liftoff.
My TRUE RANGE CANDLE INDICATOR is fully weighed by volume and so much more. It puts RSI out of business.
$BTC
My reversal strategy works in a way to figure out a reversal based on MA's and PIVOT ZONES. It's been coded correctly for guidance which will not speculate but uses price action with a designed strategy

Please comment and like; thank you
$BTC
Comment
Let me emphasize
How can we experience a Tsunami reaching near?
1. Buying Pressure builds up
2. Earthquake meaning FOMO as price surges
3. Seafloor displacement: meaning WHALES will cause a huge massive reaction for price for price launch
4. Tsunami
The sudden shifting of the seafloor displaces a huge amount of liquidity of cash flow because it’s being released creating a tsunami. The energy from the earthquake is transferred by bursting that which was accumulated from ATH from manipulation, which then the huge Tidal Wave begins to form as its pushed upward above sea level. Gravity then pulls the money out horizontally along the surface.

$TRX has been trading in this upwards channel since JAN 2024 and it looks like we are going to attempt to breakout towards the top. Should we fail we can expect a retrace towards the 0.618. With the launch of sun.pump and memecoins launching on the TRON network we can expect a bullish move over the next few months.
#TRX/USDT❤️ $TRX

The chart provided represents Bitcoin (BTC/USD) on a 4-hour timeframe using Heikin Ashi candles alongside a trading strategy indicator and the Relative Strength Index (RSI). Let’s break down the key components of the chart and analyze the current market situation.

1. Price Action Overview:
Current Price: Bitcoin is trading around $62,327. The recent price action shows a pullback from a local high near $65,000, and the price is now consolidating between $62,000 and $64,000.
Short-Term Trend: The trend is neutral to slightly bearish, with lower highs forming after Bitcoin failed to break above the $65,000 level.
2. Support and Resistance Levels:
Resistance:
$64,000 - $65,000: This is a key resistance zone, where Bitcoin has been facing selling pressure. A break above this level is needed to confirm a bullish reversal.
$66,000: Higher resistance is expected around this level if Bitcoin breaks above the immediate resistance.
Support:
$61,000 - $62,000: This is the immediate support zone where Bitcoin is currently finding buying interest. A breakdown below this level could push the price lower.
$59,000: If Bitcoin fails to hold $61,000, the next major support level is around $59,000.
3. Trading Strategy Signals:
The chart shows automated trade signals with long and short positions marked at different price points:
Short signals: There are several short signals marked in the red boxes (with "-2"), indicating potential sell positions around $65,000.
Long signals: Green "long" signals show buy positions during market pullbacks, indicating potential accumulation zones.
Currently, no new short or long signals have been triggered, suggesting the market is consolidating without a clear direction.
4. RSI (Relative Strength Index):
Current RSI: The RSI is at 53.43, which is near the neutral zone. This indicates that Bitcoin is not overbought or oversold, and momentum could shift in either direction.
RSI Trend: The RSI has been rising from oversold levels below 30, indicating that the recent selling pressure has eased and the market is stabilizing. If the RSI continues to rise, it could indicate increasing bullish momentum.
5. Moving Averages:
The chart shows moving averages that are acting as dynamic support and resistance.
50-period Moving Average (blue line): Bitcoin is currently trading around this moving average, which is providing short-term support.
A break above or below the moving average could signal the next direction for Bitcoin.
6. Potential Scenarios:
Bullish Scenario:
If Bitcoin holds above $62,000 and the RSI continues to rise, it could attempt to break through $64,000 - $65,000 resistance. A breakout above this level would likely trigger a bullish continuation toward $66,000 and higher.
RSI Confirmation: A move above 60 on the RSI would confirm increasing bullish momentum, signaling a possible rally.
Bearish Scenario:
If Bitcoin fails to hold $62,000 and breaks below the $61,000 support, a deeper correction toward $59,000 could occur. The bearish scenario would be confirmed by a drop in the RSI below 50, indicating weakening momentum.
A break below $59,000 could lead to further downside pressure, with the next significant support near $57,000.
7. Consolidation/Neutral Scenario:
Bitcoin may continue to consolidate between $61,000 and $64,000 in the short term, as the RSI is neutral, and no clear trading signals have emerged. This would suggest a wait-and-see approach until a breakout or breakdown occurs.
8. Conclusion and Strategy:
Current Bias: Neutral to Slightly Bearish
Bitcoin is currently consolidating with no clear directional momentum. The RSI is neutral, and the price is trading near a key moving average. This indicates indecision in the market.
Key Levels to Watch:
Resistance: $64,000 - $65,000 (key resistance zone).
Support: $61,000 - $59,000 (key support zone).
Strategy:
Consider a long position if Bitcoin breaks above $64,000, with targets at $65,000 and $66,000. Use a stop-loss just below $62,000 to manage risk.
Consider a short position if Bitcoin breaks below $61,000, with targets at $59,000 and lower. Use a stop-loss above $62,500 to protect against a false breakdown.
In summary, Bitcoin is at a critical juncture, and a breakout or breakdown from the current consolidation zone will provide a clearer direction. Pay close attention to the support and resistance levels and the RSI to gauge the next move.

The $XRP chart on the 1-hour timeframe indicates a potential bearish breakout scenario forming. After testing the resistance area near $0.5349, price has failed to break above, showing signs of weakness.
Traders should watch for confirmation of a downside move below $0.5320, which could trigger a steeper decline.

What do you think about this view?
$XRP

$SOL USDT is currently trading within a tight consolidation zone, marked by a rectangular range between $143.33 and $144.70. The price is struggling to make a decisive move in either direction, suggesting an imminent breakout.

Key Points:
Range-bound price action: SOL is moving sideways within a defined range, testing both support and resistance multiple times. A breakout from this zone could determine the next major move.
EMA Resistance: The price is below both the 34-period EMA and the 89-period EMA, suggesting that the momentum is still slightly bearish in the short-term. However, the consolidation shows hesitation and a break above these moving averages could shift the momentum to the upside.

Potential Scenarios:
Bullish Breakout: If SOL breaks above the upper range around $144.70, the price could head towards the next resistance near $150.54.
Bearsh Analysis: On the other hand, a break below $143.33 could lead to a deeper pullback, targeting $137.25 as the next major support level.
In conclusion, $SOL is currently in a consolidation phase and traders should watch for a breakout in either direction. A decisive move above or below the current range would signal the next important price action.
$SOL

It's clear that has been exhibiting significant volatility, defined by a series of lower highs and higher lows, creating a symmetrical triangle pattern which is generally considered a continuation pattern. The price recently broke out of the descending trendline, signaling potential bullish momentum. However, the breakout is still in its early stages and needs to clear more substantial resistance levels to confirm a longer-term bullish trend.
Currently, Bitcoin is trading at $62,404, with immediate resistance marked at $65,510 (R1) and further significant resistance at $71,749 (R2). Support levels are established at $59,900 (S1) and $54,000 (S2). The RSI indicator shows a reading of 26.78, which suggests that the market is in the oversold territory, often a precursor to a potential reversal or significant rally if other factors align.
The MACD line is below the signal line and deeply negative, indicating bearish momentum in the short term, though this could be starting to wane as the histogram suggests diminishing negative momentum. This scenario might suggest a potential upward movement if bullish signals strengthen.
My prediction is that if $BTC can sustain above the S1 support level and continues to find buying interest near these levels, there's a possibility of testing the R1 level again. A strong close above R1 could pave the way to R2. However, any failure to hold above the support could lead to a retest of the lower support at S2, and traders should watch these levels closely for indications of the market's next significant move.

Traders should also consider external market factors and news that could impact price action, and always be prepared for unexpected volatility in the crypto markets. It's crucial to use stop losses to manage risk effectively in these situations.
#Bitcoin❗ $BTC

the price trajectory of Binance Coin shows a dynamic response to market forces characterized by bullish and bearish phases. The recent formation depicts a rising wedge, typically a bearish pattern, suggesting potential for a downward correction if the support levels fail to hold.
Currently, BNB is trading at $576.8. The chart indicates a crucial resistance at $620 (R1), and a more significant barrier at $722 (R2). On the downside, the immediate support is at $466.9 (S1), with further substantial support placed at $400.1 (S3). The resistance and support levels are clearly identified on the chart with precise figures which help in determining strategic entry and exit points in trading scenarios.
The Stochastic RSI shows a value of 39.12, which lies in the neutral zone but leans towards being oversold. This could suggest a potential buying opportunity if other indicators align. Meanwhile, the MACD is below the signal line and trending negative, which can indicate bearish momentum, albeit this needs to be viewed in conjunction with other market factors and a possible slowing in negative momentum as indicated by the histogram's gradual ascent towards the zero line.
Considering these factors, if BNB/USDT can maintain above the S1 level and gather upward momentum, we could anticipate a retest of R1 at $620. However, a decisive break below S1 could see $BNB heading towards the more profound support at S3 around $400.1, which would align with the pattern's typical resolution following a wedge.
For trading, it would be advisable to watch for a clear break in either direction with confirmed volume, and to consider external market influencers such as regulatory news or broader economic factors. Always utilize stop-loss orders to manage risks associated with sudden price movements inherent to cryptocurrency markets. This analytical approach ensures a calculated strategy, enhancing the potential for profitable trades while mitigating risks.
$BNB #BNBAnalysis

It's evident that Inu has faced significant volatility, following a declining trend that has recently started to show signs of a potential reversal. The chart exhibits a sequence of resistance and support levels that have dictated price movements over the recent months.

Currently, SHIB is trading at $0.00001176, finding immediate resistance at $0.00001610 (R1), with a subsequent higher resistance at $0.00002035 (R2). There is also a long-term declining trend line, marked as R3, which could act as a crucial barrier if SHIB continues to ascend. On the downside, the support level is established at $0.00001098 (S1), with the price having shown resilience around this mark.

The Stochastic RSI indicator is trending upwards from the oversold territory at 15.90, suggesting a possible increase in buying momentum which might aid in pushing the price towards R1. Conversely, the MACD is currently below the signal line, which typically suggests bearish momentum; however, the histogram is showing a reduction in negative momentum, indicating that the bearish pressure may be waning.

From my analysis, if maintains its stance above the current support at S1 and continues to attract buying interest, there's potential for it to test the immediate resistance at R1. A strong break above this level could see SHIB aiming for R2, facilitated by increased trading volume and positive market sentiment. Nevertheless, traders should be vigilant of the broader market conditions and news that could impact SHIB's price, particularly due to its high volatility and susceptibility to market sentiment changes.

In conclusion, for those considering trading SHIB, it would be prudent to place stop-loss orders just below the S1 level to manage risk effectively. Furthermore, keeping an eye on the MACD and Stochastic RSI for continued signs of bullish momentum will be key in determining the strength of the current recovery.
$SHIB

It’s apparent that Fantom has been navigating a complex market landscape, marked by significant fluctuations. The graph reveals a price pattern navigating within a descending channel, though recent activities suggest a bullish rebound.
As of now, $FTM is trading at approximately $0.7049. Notably, it faces immediate resistance at $0.8707 (R1). Overcoming this resistance could signal stronger bullish momentum possibly propelling the price towards the upper boundary of the descending channel. On the downside, support levels are observed at $0.5214 (S1) and a lower secondary line (S2) that serves as a critical point to watch if the bearish pressure resumes.
The Stochastic RSI, currently at 32.39, suggests that the price is nearing oversold conditions, which may indicate a potential for a price increase if buyers step in around these levels. Concurrently, the MACD presents a bullish crossover above the signal line and a positive histogram, implying growing bullish momentum.
Considering these insights, if $FTM maintains support above S1, and especially if it continues to uphold the positive momentum as indicated by the MACD, it could attempt to challenge the resistance at R1 soon. A break above R1 would be significant and could lead to a test of higher resistance levels, possibly reaching towards the top of the descending channel.
For traders considering entry points, setting a stop-loss near S1 could be prudent to manage potential downside risks effectively. Observing the volume accompanying any upward movements would be crucial to confirm the strength behind potential bullish advances. Moreover, staying updated with broader market sentiment and any specific news relating to Fantom will be vital, as external factors could significantly impact price dynamics in this volatile market.

$DOT Price reaches the demand zone again., Make purchases gradually with a target of at least 20%+ from here.
#dotcoin $DOT

It feels we may see a test of 152.00 again short-term. Volumes are supporting BUYING pressure and also stoch and SMI both reflect upside potential.
$SOL
Strategy BUY @ 14350-144.25 and take profit above 155.00 for now (expecting spike).

SL based on your personal wishes.
#SolanaUSTD $SOL

Technical Perspective:
$BTC USD formed a descending channel and retreated below its upper bound near 64,200, which coincides with the 61.8% Fibonacci retracement. The price remains below the Ichimoku cloud, indicating potential for further downside.
If $BTC USD extends its decline and breaks below the 62,000 threshold, the price could approach the 60,500 support and 61.8% Fibonacci retracement.
Conversely, a break above the 64,200 resistance and a bullish breakout of the descending channel could prompt a further rise toward the 66,500 resistance.
Fundamental Perspective:
According to Glassnode's short-term holder MVRV indicator, bitcoin fell below the average cost-basis of 62,500 USD for short-term holders. The recent price decline put buyers under increasing pressure.
Meanwhile, ETFs saw net withdrawals of 58.2 mln USD, with 48.8 mln USD from FBTC.
Bitcoin could see higher volatility heading into the US elections.
#BTC☀ $BTC

With the recent talks of memecoin super cycles, $PEPE is continuing to show structural support within its price action.

We have our two downwards sloping trendlines. The green one is based on the candle bodies and the yellow one is based on the wicks.

Both trendlines have been broken and the yellow one has been retested as new support.

Price has also flipped short term old resistance into new support (orange horizontal line)

Price is also holding 200 MA on the daily (blue MA)
#pepe⚡ $PEPE