December 5, 2024, Bitcoin at $100,000, Dogecoin at $0.4, I have 500 followers. Let's write a post to commemorate this! I believe that one day, Bitcoin will definitely reach $1 million, Dogecoin will also reach $5, and I will have 50,000 followers ❤️ The road ahead is long, thank you for being with me! I will be here for the next ten years, see you tomorrow 🚀 $BTC $DOGE #欧鹏一直都在
Is DOGE About to Break Out? Downward Momentum Weakening, New Opportunities? Key Buy/Sell Points Attached at the End! Don't Miss This Opportunity
Recently, the price has been fluctuating in the range of 0.40 to 0.42. Multiple candlesticks with long upper shadows indicate that there is still significant selling pressure above, and the bears have not completely given up. However, from the overall technical perspective, the rebound has begun to gather momentum! On the daily chart, we can clearly see that the recent candlesticks are in a retracement and consolidation phase, with prices fluctuating within the range of 0.40 to 0.42. The chart shows multiple candlesticks with long upper shadows, indicating significant selling pressure above, and the bulls are facing short-term resistance. This morning, the price was slightly below the 20 moving average, indicating some short-term pressure. However, when I started writing this article, the current price had already risen above the yellow 20 moving average, indicating that the bulls have begun to exert strength. Moreover, the price has been fluctuating near the yellow 20 moving average in the past few days, showing that the 20 moving average has provided strong support.
Is PEPE's short-term pullback a consolidation phase? Bullish momentum weakens, focus on these key areas!
From the daily chart perspective: The current price of PEPE is still at the bottom of the rising channel, and the previous two rallies were accompanied by slight pullbacks. This time is also at the bottom of a small pullback, and from the parallel channel, we can see that the bottom line of the channel is a strong support.
From the perspective of the dual moving averages, the price pullback meets the yellow 20 moving average, which is a strong support. Moreover, at this time, the three moving averages are still in a bullish divergence state, and the medium to long term remains bullish. Therefore, we can simply determine that PEPE is only undergoing a short-term pullback. Next, let's look at what real data can give us signals 📶:
What opportunities does SOL have now? What signals can be seen from the candlestick patterns? Let's chat before bed.
Candlestick Patterns: Recent candlesticks show a clear oscillating trend, with signs of price correction at high levels. After the large bullish candlestick on December 11, there have been several days of bearish closes, indicating heavy selling pressure above. Technical Indicators: MACD: Both DIF and DEA are heading down, and the MACD histogram is negative and gradually increasing, indicating strengthening bearish momentum. RSI: Currently, the RSI is at 47.6, close to the neutral zone, but has a downward trend, which may continue to adjust in the short term. EMA: Current price is below EMA7 (225.5), but still above EMA30 (225.0) and EMA120 (188.9), short-term is weak, but the medium to long term remains bullish.
New Opportunity for WIF? WIF has retraced to the previous high point for a pickup! Getting on board won't lead to regrets, but not getting on board will lead to three years of regret.
In the daily level candlestick chart, we can see that WIF has retraced to the previous high around $2.9 (yellow arrow position).
Moreover, we can see from the trading concentration area that both the current price position ($2.9) and the lower ranges of $2.7 and $2.5 are strong support areas with high trading density. Everyone can increase their positions here on dips.
In the above chart, we can see that the current price is still within the parallel channel trend, below the midline. After the price retraced to the bottom line of the parallel channel, it rebounded and fluctuated again. Moreover, the three moving averages on the daily chart have converged, and based on the direction of the convergence, I have drawn the extensions of the three moving averages. We can see that there will be a concentration of moving averages in the future, and then a new direction will emerge! The MACD below is also in a bearish arrangement, with the red momentum bars gradually strengthening, and the RSI has also broken below the midline with the bears in control.
Ethereum is about to charge forward!!! Is the era of starting with 3 about to end?
Ethereum hasn't seen a particularly large increase since the ETF, unlike Bitcoin, which has been impressive, but recently the Ethereum ETF has been seeing continuous growth! (See image above)
From the news side, we can also see that the net inflow of ETFs increased yesterday (13th), and according to the latest official data from BlackRock, as of December 12, the Ethereum exchange-traded fund iShares Ethereum Trust ETF had a holding of 981,155.3661 ETH, with a holding market value of $3,809,904,779.02. The holdings of these big players represent the trend in the crypto space, which is bullish. Therefore, our ongoing strategy of buying on dips may lead to a new trend next week. This is the news aspect; let's now look at the chart for signals 📶.
Zhao Changpeng (CZ) revealed on December 12 through the X platform that Binance invested in the crypto travel platform Travala.com as early as before the pandemic, and the platform has achieved significant success with an annual revenue of $100 million. This news has driven the skyrocketing of the Travala token AVA (24-hour increase of 267%), further proving CZ's profound influence in the cryptocurrency field. Here are several similar tokens: AVA (Travala): As the token of Travala, AVA is used as a medium of payment, incentive method, and governance token within the platform. Its increase reflects the growth of the platform in the crypto travel market and investors' recognition of its potential. $AVA
TRVL (Dtravel): The token of Dtravel, focused on decentralized home sharing rentals, competing with traditional platforms like Airbnb. TRVL serves as the payment tool and governance token for the platform, allowing holders to enjoy booking discounts and platform rewards.
$STAY (Staynex): Staynex uses blockchain and AI technology to change the traditional model of the travel and hospitality industry, with the $STAY token being the core token of the platform, offering holders loyalty rewards and revenue sharing.
$DRF (DRIFE): DRIFE provides decentralized solutions for the taxi industry through blockchain technology, with the $DRF token serving as a payment tool, also providing users with loyalty rewards and staking features.
On the daily chart, we can see that the current price is above three moving averages, indicating that the overall long-term trend remains a healthy bull market. However, the MACD is in a bearish arrangement, and the RSI is also in a neutral zone, suggesting that market sentiment is relatively stable and that the market may be in an adjustment phase. Key areas to focus on: 99,235~99,855 range; if broken, BTC is likely to rise above 100,000 USD and sprint towards 102,000 USD. Support below: 98,760 USD; if it falls below this level, further downside risk should be monitored. $BTC (spot) $BTC (contract)
$100,000 is the starting point! Opportunities for individuals to afford one Bitcoin are disappearing. Will you still be able to buy one Bitcoin in ten years?
In fact, you should be grateful for this bull market; when Bitcoin surged to $100,000, it made you aware of Bitcoin's importance.
Many years have passed, and Bitcoin, once the earliest cryptocurrency in the world, was regarded as the exclusive asset of tech enthusiasts and geeks. Now, with the maturation of the market, more and more large institutions, governments, and publicly traded companies are entering the Bitcoin market, and the number of Bitcoins they hold is increasing year by year. Especially with investments from ETFs, various governments, and leading enterprises, Bitcoin has become a 'scarce resource,' and over time, individual investors will have fewer and fewer opportunities to afford one Bitcoin.
The latest price of PNUT is 1.26. Amidst the market's scorn, I invested small funds from $1.3 to $1, and then I just left it alone. No attachment, just greed 😂 'When others are fearful, I am greedy'! On the news front, Coinbase announced that it will list PNUT, which has brought increased market attention and trading volume; the community sentiment is positive, reflected in the surge of PNUT and the heat of related discussions. Based on this, short-term trading can be considered according to the Coinbase listing effect. $PNUT (Contract) $PNUT (Spot)
Can it rebound after hitting the bottom? Gala, ranked 67 on Binance, is a typical small fund with large profits, with ample upward potential.
The seemingly neglected GALA appears to be starting to gain momentum.
Viewpoint: Bullish in the long term, can deploy small funds for spot trading. From an overall perspective, the GALA token has fallen from the last bull market high of $0.84 to the current $0.05, a 100% drop over three years. After a long period of consolidation and washing out, the price has once again risen above three moving averages. The current price is at the bottom of the Fibonacci 0.236 level, which is the most cost-effective position. If it rises to the Fibonacci 0.786 position, there will be a potential for a tenfold increase, and if it breaks the previous high, there could be about a fifteenfold return.
Recent candlestick patterns show significant volatility, with a long lower shadow on December 9, indicating strong buying support at low levels.
Ethereum (ETH), the second-largest cryptocurrency, has also performed strongly in recent times. Although Bitcoin failed to break through the $100,000 mark, Ethereum still maintained a 1.5% daily gain after retreating from an intraday high of just below $4,000. Analysis company CryptoQuant said that strong spot ETF inflows and the booming development of the Ethereum blockchain have made ETH likely to break through $5,000 and set a new record high.
Volatility in the bond market and changes in risk sentiment have prevented Bitcoin from standing firm at the important psychological level of $100,000. At the same time, altcoins, especially AVAX and LINK, have performed strongly, driven by institutional investment and decentralized financial projects. Ethereum's strong performance illustrates the market's optimism about blockchain infrastructure. The medium and long term remains bullish. $ETH (spot) $ETH (Ethereum)
Bitcoin has formed a clear V-shaped reversal pattern during its recent pullback. This reversal pattern typically indicates a sharp change in market sentiment, with prices quickly rebounding from a low point, signaling the gradual digestion of sell orders and the re-entry of buyers. In this round of reversal, prices have successfully bounced back from the lows and have broken through the key psychological price level of $100,000. This indicates an improvement in market sentiment and the potential for further increases in the short term. For some time, Bitcoin's price has been within a downward trending parallel channel. Recently, the price broke out of this downward channel and has re-established itself above the critical support level of $100,000. This breakout is a signal of strengthening bullish momentum, indicating that the market may be able to shake off the previous pressure and develop further upward. If prices maintain above this price area, the potential for subsequent increases will further open up.
Currently, Bitcoin's price has re-established itself above the 20-day moving average (short-term average). The moving average is widely regarded as a reference line for support or resistance levels; if prices can continue to hold above the 20-day moving average, it indicates that the buying power in the market remains strong, which helps to push prices further upward. Based on the current trend, $110,000 is the next possible target price. $BTC $BTC
When I recommended $USUAL to you on November 24, the price was only 0.22$😂Now it is 0.72$, which has increased by more than 3 times~
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欧鹏 Peng
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Interpretation of Binance's upcoming launch of USUAL! A new opportunity in the early stages of a bull market! Timing, geographical advantages, and strong support all in place.
In the early stages of a bull market, many investors face rapid market rises and often feel confused about how to choose cryptocurrencies to increase their holdings. In this context, the launch of new project
USUAL is undoubtedly an opportunity worth paying attention to. Combining market trends and project background, I believe
USUAL has the potential to become a dark horse in the early stage of the bull market. Here is my analysis and opinion. Why optimistic about USUAL? Timing: The benefits of the early bull market Current market sentiment is gradually warming, with mainstream assets like BTC and ETH leading the market into a new round of rises. However, the increase in mainstream coins often releases a wave during the early stages of a bull market, while the potential of new projects and small-cap coins is greater.
Will TRX pull back in the short term or continue to rise? EMA moving average + MACD signal reveals the mystery
Be wary of pullbacks in the short term, but remain bullish in the long term!
TRX from the K-line EMA moving average: The current price is above EMA20 (0.2669 USDT), indicating a strong short-term trend. EMA60 (0.2174 USDT) and EMA120 (0.1882 USDT) serve as support levels, which are currently far away, indicating that the medium- and long-term trend is still healthy and bullish.
MACD indicator:The fast line (0.0275) and the slow line (0.0294) are getting closer, and a "death cross" signal appears. We need to be vigilant about the risk of a pullback in the short term.The shortening of the red column shows that the bullish momentum is weakening and the power of short selling is increasing.RSI indicator:The RSI is 58.05, close to the overbought zone but not yet reaching the warning line (70), indicating that market sentiment is neutral to optimistic.
Riding the wave of DeFi and NFTs, how can Solana create an independent market?
In the chart, we can see that SOL/USDT is in a clear bullish trend on the daily chart. Here are a few key observations: Strong moving average support: Currently, SOL's price has stabilized above the EMA20 ($229.43) and EMA60 ($208.82). This indicates that short-term bullish forces dominate, and the price is steadily rising. Increased trading volume: Observing the volume indicator, recent trading activity has significantly increased. This is an important signal for bullish funds entering the market, usually accompanied by further price increases. MACD indicator strengthens: The MACD line is currently above the 0 axis; although it had a pullback earlier, the blue line is expected to cross above the yellow line again, forming a new bullish signal.
BNB is currently in a consolidation phase after an upward trend, and we need to observe whether it can effectively break through the resistance level of $717. If it breaks through, it may attempt to target the previous high of $793.
The short-term moving average (yellow, 20-day) and the medium-term moving average (blue, 60-day) are both gradually rising, indicating a strong short-term market trend. The current price is above the 20-day moving average, showing stronger bullish control.
The MACD histogram is beginning to narrow, indicating that the forces of bulls and bears are approaching balance. The fast line (yellow) is above the slow line (blue), and a death cross has not yet appeared, so there is still some upward momentum in the short term.
The current RSI value is 58.95, close to the overbought range (below 70), indicating a bullish market sentiment, but it may enter a consolidation phase in the short term.
The daily moving average system is in a bullish arrangement (short-term moving average is above the long-term moving average), and the medium to long-term trend remains bullish.
Short-term traders: Consider buying on dips near the 60-day moving average ($640), targeting $717 to $793.
Medium to long-term investors: You can gradually build positions in batches and hold patiently, waiting for further confirmation of the trend. $BNB (spot)
Short-term opportunity or a trap to lure buyers? The bullish trend for PEPE is emerging, is now the best time to enter? These 3 signals hint at the direction of the market!
PEEP quickly rebounded after a correction on December 10, and the current price hovers around $0.000025. What will be the trend for PEPE going forward?
First, let's state the viewpoint: we remain bullish in the medium to long term. First, looking at the daily candlestick chart, PEPE's price is slowly oscillating upward, and we can clearly see three important moving averages: The yellow line is the EMA20 daily moving average (around 0.00002224 USDT), which is a key support for short-term prices. The blue line is the EMA60 daily moving average (around 0.00001745 USDT), representing the medium-term trend. The purple line is the EMA120 daily moving average (around 0.00001427 USDT), which can be seen as a benchmark for the long-term trend.
Dogecoin DOGE Price Fluctuates After Rebound Opportunity Arises, Are You Ready?
Let's chat before bed about the recent price trend of Dogecoin (DOGE). You may have noticed that DOGE's price has recently fluctuated between 0.3752 and 0.40954, forming a consolidation range. What does this signal? Today, I will delve into this phenomenon through technical analysis to help you understand market trends and seize potential investment opportunities.
One, K-Line Pattern: Support signal within a consolidation range.
First, let's take a look at the K-Line chart. The K-Line chart is a common chart that displays price movements and can help us assess market buying and selling strength.
Good morning everyone at 7 AM ☀️ (Actually, I couldn't sleep)! I just saw the weekly Bitcoin candlestick chart, and history is always astonishingly similar!! Is a deep correction really coming? History doesn't repeat itself, and this year is not like the market in 2020, but the current pattern is really similar! Is a deep correction really on the way? I was thinking about this question a few days ago, will there be a big correction at the beginning of 2025, cleaning up the market before entering a mid-term raging bull market! What does everyone think? $BTC (Spot) $BTC (Contract)
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欧鹏 Peng
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Deep pullbacks are standard whether in a bull market or a bear market. Is it possible for a pullback deeper than yesterday to occur again? Absolutely, for example, if we see a rise before the Spring Festival, it's entirely possible to have a sudden deep pullback after the Spring Festival! So what do we need to do? Focus on these two positions, currently the two major supports for Bitcoin on the daily chart: $91000 and $85000. Everyone must have this expectation. In conclusion, I borrow a phrase from Teacher Li Xiaolai: "Only the 'chives' that repair the pen after losing sheep have a future. If you have money, slowly add to your positions... If you don't have enough money, work hard to earn more on the sidelines..." $BTC