Pepe can easily cut off 2-3 zeros (0) in this bull market.
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Bitcoin rejected from $65k heading into the weekly close and we are now seeing some more volatility. Yesterday I mentioned the 4 hour support and EMA8 in the $63.8k area- This held as support all weekend but was lost on the last 4 hour candle. A good reaction so far from $63k, but if BTC fails to reclaim $63.8k at the end of this 4 hour candle then I think we may still swee lower. Reclaim and we likely push $65k+ again.
An incredible week of trading in the Premium Group last week, so now I will wait for the Monday range to develop and let's make this another great week!
💰 The 140 days of sideways action post-halving, just like in 2016 and 2020, is wrapping up by mid-September.
We just need to survive these next couple of weeks of choppy price action before the breakout 🚀
The chart highlights three distinct periods where Bitcoin's price experienced significant upward movements after a consolidation phase:
1. **First Phase (2017)**: - There is a green rectangle marking a consolidation phase of 140 days, indicated by "20 bars, 140d Vol 576.896K." - After this consolidation, a blue upward arrow shows a significant price increase.
2. **Second Phase (2020-2021)**: - Another green rectangle marks a similar 140-day consolidation phase, indicated by "20 bars, 140d Vol 1.072M." - This is followed by another substantial price increase, depicted by a blue arrow.
3. **Current Phase (2023-2024)**: - The chart shows the latest consolidation phase of 140 days, marked by a green rectangle with "20 bars, 140d Vol 227.718K." - There is a blue arrow suggesting a potential future price increase, similar to the previous patterns.
The chart appears to be suggesting that based on historical patterns, Bitcoin could be on the verge of another major price increase, potentially reaching levels above $280,000.
1. **Fear & Greed Index**: - The index is at **45**, which is labeled as "Neutral." This suggests that the market sentiment is balanced, neither too fearful nor too greedy.
2. **Volume**: - The volume of trades is **$36.88 billion**, with a significant decrease of **46.24%**. The graph shows a downward trend, indicating reduced trading activity.
NEW: 💰 $9 billion in Bitcoin shorts to be liquidated at $68,000 🚀
This image is a chart from a cryptocurrency analytics platform, showing cumulative liquidation leverage data for long and short positions across various exchanges (Binance, OKX, Bybit).
### Key Features: - **Cumulative Short Liquidation Leverage (Green Line):** Indicates the cumulative amount of leverage that has been liquidated for short positions. This line rises sharply, particularly after the price crosses a certain threshold.
- **Cumulative Long Liquidation Leverage (Red Line):** Indicates the cumulative amount of leverage liquidated for long positions. This line shows a declining trend.
- **Current Price Marker (58200):** A dashed line marks the current price of the cryptocurrency at 58,200, which is used as a reference point.
- **Exchange Data:** The chart includes liquidation data from major exchanges (Binance, OKX, and Bybit), with different colors representing each exchange.
- **Specific Data Point:** At the point where the price is at 68057, the cumulative short liquidation leverage is shown to be 9.17 billion.
### Summary: The chart primarily illustrates that a significant amount of short positions were liquidated as the price increased, especially after surpassing the 58,200 price level. In contrast, long liquidation leverage has been steadily decreasing.
Bitcoin has now given a retest of the $57.6k (Monday Low) reclaim. A good reaction from this area which is what we were looking for. $58.6k (Weekly Open) has now been reclaimed and this is the current 4 hour support.
As long as this holds then we could see a push to test $60.6k (Monday High) We can expect resistance in this area, particularly if it is a low volume weekend.
Bitcoin was unable to hold on to $63.5k (Prev Week Low) as support yesterday, and this has seen a further move down into $61k. This was a possibility that I mentioned a couple of days ago, and was perfectly synchronised with our ETH limit order which is going well.
We have now lost the 4 hour range lows of $62.5k, so I expect this could become an area of resistance on any retest this weekend. $62.5k is a level we really want to see reclaimed at the weekly close, or we have an increased chance of further downside next week. After such a big move in recent days, I think we will most likely see low volume for the next 24-36 hours.
$TNSR This chart is a 12-hour candlestick chart for the TNSR/USDT trading pair on the Binance platform. Here’s an explanation of the various components of the chart along with the concepts of support and resistance: ### Chart Components:
1. Price Information: - Current Price: 0.8428 USDT, up by 1.82%. - 24h High: 0.8700 USDT. - 24h Low: 0.7936 USDT. - 24h Volume (TNSR): 12.30M TNSR. - 24h Volume (USDT): 10.21M USDT. 2. Time Frame: The chart is set to a 12-hour interval, showing price movements over each 12-hour period. 3. EMA Lines: - EMA(7): Exponential Moving Average over 7 periods (0.8680). - EMA(25): Exponential Moving Average over 25 periods (1.0095). - EMA(99): Exponential Moving Average over 99 periods (1.0344). 4. Volume: The bar graph at the bottom shows trading volume. 5. Order Book and Trades: Indicates the distribution of bids and asks with a balance of 50.20% bids and 49.80% asks. ### Support and Resistance: - Support: - Support is a price level where a downtrend can be expected to pause due to a concentration of buying interest. In this chart, a significant support level can be observed around 0.8428 USDT, where the price seems to have stabilized recently. - Historical data shows previous support levels just below the current price, around 0.8300 USDT and 0.7936 USDT (24h low). - Resistance: - Resistance is a price level where an uptrend can be expected to pause due to a concentration of selling interest. In this chart, a resistance level can be seen at 0.8700 USDT (24h high). - Additionally, historical resistance levels can be identified around 0.9000 USDT and slightly above the EMA(25) and EMA(99) values, which also act as dynamic resistance levels. ### Trend Analysis: - The chart shows a recent decline where the price has dropped below the EMA(25) and EMA(99), indicating a bearish trend. - The support level around 0.8428 USDT is crucial. If the price holds above this level, it may indicate a potential reversal or consolidation phase. - Breaking below this support could lead to further declines towards the next support levels. ### Trading Strategy Considerations: - For Long Positions: Traders might consider entering a long position if the price holds above the current support level and starts to show signs of upward momentum, ideally confirmed by crossing above short-term moving averages like EMA(7). - For Short Positions: Traders might look for opportunities to short if the price fails to maintain the current support level, targeting the next lower support levels. By analyzing these elements, traders can make more informed decisions based on historical price movements, volume, and key technical indicators. #Write2Earn #Residential_trader
$NOT The screenshot provided is from a cryptocurrency trading interface, specifically for the trading pair NOT/USDT. Let's break down the key elements and discuss support and resistance levels: ### Key Elements of the Chart
1. Price Information: - Current Price: 0.020575 USDT - 24h Change: +19.03% - 24h High: 0.021665 USDT - 24h Low: 0.016731 USDT 2. Indicators: - EMA (Exponential Moving Average): - EMA(7): 0.018986 - EMA(25): 0.018094 - EMA(99): 0.016566 - MA (Moving Average): - MA(5): 4,132,548,223 (likely the volume MA) - MA(10): 3,526,907,571 (likely the volume MA) 3. Chart Time Frame: 4 hours (4h) 4. Volume: - 24h Vol (NOT): 23.99B - 24h Vol (USDT): 458.16M 5. Additional Tools: - Order book showing bid (73.61%) and ask (26.39%) distribution. - Other technical analysis tools like BOLL (Bollinger Bands), SAR (Parabolic SAR), AVL, MACD, and RSI available. ### Support and Resistance Levels Support Levels: - 0.015042 USDT: This level, shown on the chart, has been a previous low and can act as a strong support. - 0.016731 USDT: The 24h low which can act as immediate support if the price starts to fall. Resistance Levels: - 0.022630 USDT: A previous high and a point where the price faced resistance. - 0.021665 USDT: The 24h high that the price must break through to continue its upward momentum. ### Analysis of the Chart - The price has recently broken above the EMAs, suggesting a potential uptrend. - The current price is above all three EMA levels (EMA(7), EMA(25), and EMA(99)), indicating bullish momentum. - The significant increase in price (+19.03%) in the last 24 hours also suggests strong buying pressure. - Volume analysis shows high trading activity, reinforcing the strength of the price movement. ### Trading Strategy - Bullish Scenario: If the price continues to rise, it will need to break through the immediate resistance levels (0.021665 USDT and 0.022630 USDT). Successful breakouts could lead to further upward momentum. - Bearish Scenario: If the price retraces, the support levels (0.016731 USDT and 0.015042 USDT) will be critical to watch. A fall below these levels could indicate a trend reversal or further downside. ### Conclusion The chart indicates a current bullish trend with significant upward movement. Monitoring the support and resistance levels will be crucial for making informed trading decisions. Always consider additional technical indicators and market conditions before making trades. #Write2Earn #Residential_trader
Certainly! I'll write about NoctCoin as if it's a cryptocurrency. If NoctCoin is a specific cryptocurrency you're referring to, please provide additional details. For now, I’ll create a hypothetical scenario based on common elements found in cryptocurrencies. ### NoctCoin: A Hypothetical Cryptocurrency #### Introduction NoctCoin is an innovative cryptocurrency designed to address several of the limitations found in traditional financial systems and existing cryptocurrencies. Built on a robust blockchain network, NoctCoin aims to provide secure, efficient, and low-cost transactions worldwide. #### Technology and Blockchain NoctCoin operates on a proprietary blockchain called the NoctChain, which utilizes a hybrid consensus mechanism combining Proof of Stake (PoS) and Delegated Proof of Stake (DPoS). This ensures a balance between security, decentralization, and scalability. 1. Proof of Stake (PoS): Users validate transactions and create new blocks based on the number of coins they hold and are willing to "stake" as collateral. This reduces the environmental impact compared to Proof of Work (PoW) systems like Bitcoin.
2. Delegated Proof of Stake (DPoS): A limited number of delegates (or validators) are elected by the community to oversee the blockchain's operations. This increases efficiency and speeds up transaction processing times. #### Key Features 1. Fast Transactions: NoctCoin’s blockchain can process thousands of transactions per second, thanks to its innovative consensus mechanism and optimized blockchain architecture.
2. Low Fees: Transaction fees are kept minimal to encourage widespread adoption and use, particularly for microtransactions and everyday purchases.
3. Security: Advanced cryptographic techniques and a decentralized network of nodes ensure that NoctCoin remains secure against attacks and fraud.
4. Smart Contracts: NoctChain supports smart contracts, enabling developers to create decentralized applications (DApps) that run on the blockchain. This opens up possibilities for everything from decentralized finance (DeFi) to supply chain management. #### Use Cases 1. Remittances: NoctCoin enables fast and cost-effective international money transfers, providing a viable alternative to traditional remittance services that often charge high fees and take several days.
2. E-commerce: Online merchants can accept NoctCoin as a payment method, offering customers a secure and efficient way to pay for goods and services.
3. DeFi Applications: NoctCoin supports various DeFi platforms, including lending, borrowing, and staking services, allowing users to earn interest on their holdings or take out decentralized loans.
4. Gaming and Virtual Goods: In-game assets and virtual goods can be traded using NoctCoin, providing a seamless and secure transaction method for gamers and developers. #### Community and Governance NoctCoin is governed by a decentralized autonomous organization (DAO), allowing community members to propose and vote on changes to the network. This democratic approach ensures that the development and evolution of NoctCoin are guided by its users. #### Conclusion NoctCoin represents a forward-thinking approach to cryptocurrency, combining the best aspects of existing technologies while addressing their limitations. With its focus on speed, security, low fees, and community governance, NoctCoin has the potential to become a significant player in the cryptocurrency space, fostering innovation and adoption in various industries.
Technical analysis is a useful tool for predicting trends on a chart. However, recently many people have started trading with bots that have technical analysis concepts programmed into them. Below is an automated report of where the market is trending and which direction it may go at different time intervals into the future. While this is a Notcoin price prediction based on technicals, please do your own research and trade based on your own knowledge and ability.
Moving Average
On the four-hour time frame, Notcoin is currently trending bullish with the 50 day moving average currently sloping up.