LIVERaid Gul
@Raid_Gul
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The case for heightened ETH volatility is strengthened by the recent sharp rise in open interest for the digital asset. Some crypto analysts are confident that ETH
will re-test some of its crucial resistance
levels before further upside movement.
For instance, crypto analyst Carl
Runefelt recently opined that if ETH breaks the $2,640 resistance level, it could initiate a significant price rally.ETH trades at $2,663 at press time,down 2.4% in the past 24 hours.
will re-test some of its crucial resistance
levels before further upside movement.
For instance, crypto analyst Carl
Runefelt recently opined that if ETH breaks the $2,640 resistance level, it could initiate a significant price rally.ETH trades at $2,663 at press time,down 2.4% in the past 24 hours.
Comment your altcoin, and I will make a
technical analysis for you!
Bitcoin is almost ready to start a new and last huge wave to the upside! My target is around 130k for multiple reasons, which I will tell you in this analysis. But what
happens after Bitcoin hits 130k? We all know that Bitcoin is extremely volatile, and during its bearish cycles, a 70% - 80% is standard.We can definitely expect a crash from 130k to 60k in the next bearish cycle to retest
the current bullish flag (that you can see
on the chart). That's why it's very important for you to take profit and potentially enter a long-term short position on futures!
Why is 130K important? First we have the 0.618 fibonacci extension measured from wave 1+3 -> wave 4. Also, we have the
long-term trendline of this bullish cycle,
which is even stronger dynamic resistance
level!
From the Elliott Wave perspective, we need
to complete this impulse wave and make
the last wave 5! This wave 5 already started
at 49k in August. On the chart, we can see 2
42
technical analysis for you!
Bitcoin is almost ready to start a new and last huge wave to the upside! My target is around 130k for multiple reasons, which I will tell you in this analysis. But what
happens after Bitcoin hits 130k? We all know that Bitcoin is extremely volatile, and during its bearish cycles, a 70% - 80% is standard.We can definitely expect a crash from 130k to 60k in the next bearish cycle to retest
the current bullish flag (that you can see
on the chart). That's why it's very important for you to take profit and potentially enter a long-term short position on futures!
Why is 130K important? First we have the 0.618 fibonacci extension measured from wave 1+3 -> wave 4. Also, we have the
long-term trendline of this bullish cycle,
which is even stronger dynamic resistance
level!
From the Elliott Wave perspective, we need
to complete this impulse wave and make
the last wave 5! This wave 5 already started
at 49k in August. On the chart, we can see 2
42
End of week update from us here at KOG:
It's been a good week on the markets with us managing to trade this down and then up again but only into the 2645 level which is where we wanted to see a reaction.
Unfortunately, that reaction was small
and flipped resistance, so we told traders
to protect and take partials and leave the
markets there. Since then, we have activated
and completed 2 long targets but we're
just too stretched now to even consider
anything.
We've highlighted 3 levels of interest here
for the close, with the high at a potential
2670-75 region, if attempted. If we can see
a reversal around here, we should see this
attempt to close around the 2645-50 region.Either way, not worth getting involved with,we'll wait for the close and make a plan for next week.
Wishing you all a great weekend ahead and
we'll see you on Sunday for the KOG Report.
As always, trade safe.
It's been a good week on the markets with us managing to trade this down and then up again but only into the 2645 level which is where we wanted to see a reaction.
Unfortunately, that reaction was small
and flipped resistance, so we told traders
to protect and take partials and leave the
markets there. Since then, we have activated
and completed 2 long targets but we're
just too stretched now to even consider
anything.
We've highlighted 3 levels of interest here
for the close, with the high at a potential
2670-75 region, if attempted. If we can see
a reversal around here, we should see this
attempt to close around the 2645-50 region.Either way, not worth getting involved with,we'll wait for the close and make a plan for next week.
Wishing you all a great weekend ahead and
we'll see you on Sunday for the KOG Report.
As always, trade safe.
Eth at uptrend support. It's respected this 4+
times so pretty stout.
2120ish support held in major dump Aug 5,
and again on September 6.
Psychological $2000 level additional support
and then theoretically 1800, 1750s.
Are we really catching knives down a few more floors after we already came down from m 4K?
This just seems a natural spot to go long-
plays out to close the CME gap and continue
to $3200 in next few months.
Nobody knows but sentiment is trash,and chart finding bottom after bottom.Respecting these support areas makes sense.
times so pretty stout.
2120ish support held in major dump Aug 5,
and again on September 6.
Psychological $2000 level additional support
and then theoretically 1800, 1750s.
Are we really catching knives down a few more floors after we already came down from m 4K?
This just seems a natural spot to go long-
plays out to close the CME gap and continue
to $3200 in next few months.
Nobody knows but sentiment is trash,and chart finding bottom after bottom.Respecting these support areas makes sense.
Adapting to subtle changes within a trend is a key element of successful trading. It's not enough to recognise that a trend exists,to stay ahead, you need to understand how trends evolve.
From the initial surge to the steady grind,
each phase of a trend carries its own
characteristics-and knowing how to react
to these transitions is what separates a
prepared trader from one caught off guard.
The Anatomy of a Trend
In this section, we'll explore the different
types, phases, and characteristics of trends:
1. Initial Momentum Drive
The first leg of a new trend often follows a
prolonged period of sideways consolidation,
and this momentum-driven move is
typically sparked by a fundamental catalyst.Characterised by a strong surge either higher or lower, this phase usually comes with
significant volume and can even include
price gaps. The energy in this phase is
palpable; it's where the trend announ
From the initial surge to the steady grind,
each phase of a trend carries its own
characteristics-and knowing how to react
to these transitions is what separates a
prepared trader from one caught off guard.
The Anatomy of a Trend
In this section, we'll explore the different
types, phases, and characteristics of trends:
1. Initial Momentum Drive
The first leg of a new trend often follows a
prolonged period of sideways consolidation,
and this momentum-driven move is
typically sparked by a fundamental catalyst.Characterised by a strong surge either higher or lower, this phase usually comes with
significant volume and can even include
price gaps. The energy in this phase is
palpable; it's where the trend announ
Crude oil - Keep buying!
The oil price continues to fluctuate between
73.21 and 75.92 today. It is expected to
attempt to break through 75.92 after the ending of the correction, and a successful breakout above this level could lead to a rise toward 77.43.
Generally, the direction is uptrend
Uptrend Side: the oil price currently trading in the correction process fell to touch 73.21 and from this level will revers to touch. The oil price currently trading in the correction process fell to touch 73.21 and from this level will revers to touch the resistance of 71.69 and above it will touch 77.43. The resistance of 71.69 and above it will touch 77.43.
Downtrend Side: However, breaking below 66.16 will lead to a further decline, targeting the support at 64.11.
Tendency Keys: 73.21
The oil price continues to fluctuate between
73.21 and 75.92 today. It is expected to
attempt to break through 75.92 after the ending of the correction, and a successful breakout above this level could lead to a rise toward 77.43.
Generally, the direction is uptrend
Uptrend Side: the oil price currently trading in the correction process fell to touch 73.21 and from this level will revers to touch. The oil price currently trading in the correction process fell to touch 73.21 and from this level will revers to touch the resistance of 71.69 and above it will touch 77.43. The resistance of 71.69 and above it will touch 77.43.
Downtrend Side: However, breaking below 66.16 will lead to a further decline, targeting the support at 64.11.
Tendency Keys: 73.21
*SMC* Smart Money Concepts
I took a a look at this with multiple time
frames. And I'll give you my break down.
First, Within the current wave, ranging from
$61,217 to $62,403 There are equal lows
which represent liquidity near $61,685.69. I believe price should brewk those lows to dip into the liquidity pool. (realeasing buy limits and sell stops into the market). It'll probably o a dance below that rea making people
think that it is going to fall further.
However, the 1 hour +OB Shows signs up
bullishness which I don't beleive is should
cross the median of the 1 hour +OB which is
also the 70.5 fib level. See below
I took a a look at this with multiple time
frames. And I'll give you my break down.
First, Within the current wave, ranging from
$61,217 to $62,403 There are equal lows
which represent liquidity near $61,685.69. I believe price should brewk those lows to dip into the liquidity pool. (realeasing buy limits and sell stops into the market). It'll probably o a dance below that rea making people
think that it is going to fall further.
However, the 1 hour +OB Shows signs up
bullishness which I don't beleive is should
cross the median of the 1 hour +OB which is
also the 70.5 fib level. See below
Bitcoin is ready to go higher! I expect Bitcoin to hit 64,000- 63,500 USDT in the immediate short-term for the following reasons:
1. The falling wedge is breaking out, the
price is now above the main trendline, and
the downtrend is exhausted.
2. My Elliott Wave count suggests that
we have completed the corrective pattern
WXYXZ (triple three).
3. Bitcoin created 2 major FVG (fair value
gaps) above the current price. Usually these
gaps tend to be filled pretty quickly, so be
ready for the bull price action!
4. The 200 1H MA (simple moving average)
needs to be tested as well. We saw a
breakout of this MA, but never seen a retest
of it.
5. October is statistically an extremely
profitable month for Bitcoin, so this gives us
a statistical advantage.
1. The falling wedge is breaking out, the
price is now above the main trendline, and
the downtrend is exhausted.
2. My Elliott Wave count suggests that
we have completed the corrective pattern
WXYXZ (triple three).
3. Bitcoin created 2 major FVG (fair value
gaps) above the current price. Usually these
gaps tend to be filled pretty quickly, so be
ready for the bull price action!
4. The 200 1H MA (simple moving average)
needs to be tested as well. We saw a
breakout of this MA, but never seen a retest
of it.
5. October is statistically an extremely
profitable month for Bitcoin, so this gives us
a statistical advantage.
Bitcoin is ready to go higher! I expect Bitcoin to hit 64,000 - 63,500 USDT in the immediate short-term for the following reasons:
1. The falling wedge is breaking out, the
price is now above the main trendline, and
the downtrend is exhausted.
2. My Elliott Wave count suggests that
we have completed the corrective pattern
WXYXZ (triple three).
3. Bitcoin created 2 major FVG (fair value
gaps) above the current price. Usually these
gaps tend to be filled pretty quickly, so be
ready for the bull price action!
4. The 200 1H MA (simple moving average)
needs to be tested as well. We saw a
breakout of this MA, but never seen a retest
of it.
5. October is statistically an extremely
profitable month for Bitcoin, so this gives us
a statistical advantage.
1. The falling wedge is breaking out, the
price is now above the main trendline, and
the downtrend is exhausted.
2. My Elliott Wave count suggests that
we have completed the corrective pattern
WXYXZ (triple three).
3. Bitcoin created 2 major FVG (fair value
gaps) above the current price. Usually these
gaps tend to be filled pretty quickly, so be
ready for the bull price action!
4. The 200 1H MA (simple moving average)
needs to be tested as well. We saw a
breakout of this MA, but never seen a retest
of it.
5. October is statistically an extremely
profitable month for Bitcoin, so this gives us
a statistical advantage.
Bitcoin failed to go beyond 67k so the price may fluctuate around $63800 In addition, the bearish wedge shown in the chart can be a negative signal.
+4We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.
+4We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.
Value of one bitcoin in Japanese yen reaches record high

BTC

By Blocksays
17m ago
•
1 min read

One bitcoin surpassed 11 million Japanese yen (approximately $70,400) on May 21st, marking the first ever such event. After a daily gain of over 7%, the average market price of the first cryptocurrency in US dollars hit a six-week high of $71,650. The Japanese yen was the first local currency to set a new record in the cryptocurrency market, according to CoinMarketCap.
According to the experts at CoinMarketCap, this happened because the yen lost value compared to the dollar. The trimester’s findings indicate that the value of the yen declined by over 10% compared to the previous quarter. British, Australian, Canadian, Chilean, Colombian, Egyptian, Israeli, Norwegian, Indian, South Korean, Taiwanese, and Turkish cryptocurrency markets all displayed an increase in Bitcoin prices relative to their national currencies, as pointed out by columnist Thomas Fahrer. These markets were comparable to the historical high points of mid-March. The market price of bitcoin jumped to a new monthly high at the start of the week as large investors resumed buying, according to analysts at Santiment.

BTC

By Blocksays
17m ago
•
1 min read

One bitcoin surpassed 11 million Japanese yen (approximately $70,400) on May 21st, marking the first ever such event. After a daily gain of over 7%, the average market price of the first cryptocurrency in US dollars hit a six-week high of $71,650. The Japanese yen was the first local currency to set a new record in the cryptocurrency market, according to CoinMarketCap.
According to the experts at CoinMarketCap, this happened because the yen lost value compared to the dollar. The trimester’s findings indicate that the value of the yen declined by over 10% compared to the previous quarter. British, Australian, Canadian, Chilean, Colombian, Egyptian, Israeli, Norwegian, Indian, South Korean, Taiwanese, and Turkish cryptocurrency markets all displayed an increase in Bitcoin prices relative to their national currencies, as pointed out by columnist Thomas Fahrer. These markets were comparable to the historical high points of mid-March. The market price of bitcoin jumped to a new monthly high at the start of the week as large investors resumed buying, according to analysts at Santiment.
Value of one bitcoin in Japanese yen reaches record high

BTC

By Blocksays
17m ago
•
1 min read

One bitcoin surpassed 11 million Japanese yen (approximately $70,400) on May 21st, marking the first ever such event. After a daily gain of over 7%, the average market price of the first cryptocurrency in US dollars hit a six-week high of $71,650. The Japanese yen was the first local currency to set a new record in the cryptocurrency market, according to CoinMarketCap.
According to the experts at CoinMarketCap, this happened because the yen lost value compared to the dollar. The trimester’s findings indicate that the value of the yen declined by over 10% compared to the previous quarter. British, Australian, Canadian, Chilean, Colombian, Egyptian, Israeli, Norwegian, Indian, South Korean, Taiwanese, and Turkish cryptocurrency markets all displayed an increase in Bitcoin prices relative to their national currencies, as pointed out by columnist Thomas Fahrer. These markets were comparable to the historical high points of mid-March. The market price of bitcoin jumped to a new monthly high at the start of the week as large investors resumed buying, according to analysts at Santiment.

BTC

By Blocksays
17m ago
•
1 min read

One bitcoin surpassed 11 million Japanese yen (approximately $70,400) on May 21st, marking the first ever such event. After a daily gain of over 7%, the average market price of the first cryptocurrency in US dollars hit a six-week high of $71,650. The Japanese yen was the first local currency to set a new record in the cryptocurrency market, according to CoinMarketCap.
According to the experts at CoinMarketCap, this happened because the yen lost value compared to the dollar. The trimester’s findings indicate that the value of the yen declined by over 10% compared to the previous quarter. British, Australian, Canadian, Chilean, Colombian, Egyptian, Israeli, Norwegian, Indian, South Korean, Taiwanese, and Turkish cryptocurrency markets all displayed an increase in Bitcoin prices relative to their national currencies, as pointed out by columnist Thomas Fahrer. These markets were comparable to the historical high points of mid-March. The market price of bitcoin jumped to a new monthly high at the start of the week as large investors resumed buying, according to analysts at Santiment.
Coingape News Media
Created 14h ago, last updated 7h ago
•
4 mins read

Table of Contents
What’s Behind The Ethereum Price Rally?
Bullish Market Conditions
Ethereum Spot ETF Approval
Ethereum has made a shocking recovery as the token gained an 18% surge in the last 24 hours, pushing the value to the highest of the month. At the time of writing, Ethereum price is valued at $3,659.60 with a market capitalization of $439.5 Billion. Moments before surging, ETH price was shallow around the $31K mark, but within 34 minutes, the price jumped to $34K, with a big surge in its number of transactions. Because of that, the trading volume has jumped 253%, pumping the value to $ 37.5billion.
Created 14h ago, last updated 7h ago
•
4 mins read

Table of Contents
What’s Behind The Ethereum Price Rally?
Bullish Market Conditions
Ethereum Spot ETF Approval
Ethereum has made a shocking recovery as the token gained an 18% surge in the last 24 hours, pushing the value to the highest of the month. At the time of writing, Ethereum price is valued at $3,659.60 with a market capitalization of $439.5 Billion. Moments before surging, ETH price was shallow around the $31K mark, but within 34 minutes, the price jumped to $34K, with a big surge in its number of transactions. Because of that, the trading volume has jumped 253%, pumping the value to $ 37.5billion.
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This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Square is pleased to launch the “Write to Earn” promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s).
Promotion Period: 2024-05-20 00:00 (UTC) to 2024-07-14 23:59 (UTC)
Eligibility:
Only Binance Square creators who fulfill all of the following requirements during the Promotion Period will be eligible to participate in this promotion:
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