Considering the new (MA) Crossover Strategy with Risk Management - Macro Analysis, on monthly chart before the halving in 2020 the cross over happened. Price went up 52.8% and correction of 26.3% happened! (Covid Crash not considered as a new global pandemic is not expected in the upcoming weeks) Correction Range is from Monthly High of Feb.2020 to Monthly low of May.2020.
Considering similar scenario with 52.8% price increase and 26.3%decrease, it results the BTC monthly high price of $55750 for Feb 2024 and as low as 41180 in May $2024!
Indicator is under proof of time test, Short term Cautious and Long term Bullish!
Rise in Bitcoin and Optimism in Crypto Markets#BTC
Bitcoin‘s price is at $43,123 at the time the article was prepared, showing signs of breaking away from the negativity at the start of the week. Investors were worried about further declines before the Fed meeting. However, inflation came in as expected and the Producer Price Index (PPI) data was quite positive. The relatively optimistic comments by the Fed Chairman were the icing on the cake for the rising market.
The cumulative value of cryptocurrencies has once again crossed the threshold of $1.6 trillion, and altcoins are becoming more active. The ‘king’ cryptocurrency’s daily gains of 5% could trigger faster recoveries in altcoins that have bounced back from most resistances.
Furthermore, Powell stated for the first time that significant easing should start before reaching the 2 percent inflation target. This has the potential to keep investors’ appetite for risk high until January 10. Indeed, the 2 percent increase in the spot price of Gold also occurred as a result of this.
It’s important that the daily close is above $43,000 for BTC in about 1.5 hours. Investors may be facing sleepless nights and potentially the beginning of new bull markets.
TRBUSDT ATH Alerts: #TRB #TRBUSDT Good news for the bull
The TRB market has exhibited a series of bullish technical formations that have not only piqued my interest but also suggest a strong upward potential. Let's get into the details.
Upon meticulous examination of the TRB/USDT chart, an impressive ADAM & EVE pattern has emerged. The price has decisively broken through the NECKLINE, a classic confirmation of bullish momentum. The projection for this pattern suggests substantial upside targets, which are delineated on the chart as immediate pattern targets.
Further analysis of the wave patterns reveals that TRB is progressing from wave 2-3 into a critical stage of wave 4 to wave 5 transition. This phase is particularly intriguing as it encounters only minor resistance, following a retest of the previous All-Time High (ATH). Given the current bullish sentiment in the market, I anticipate a breakout upon the next encounter with this resistance level.
#BTC BITCOIN BUBBLE. The chart posted is my view based on all wave structures and the relationships within the structure. I would be very bearish into the next advance and this would be across ALL RISK ASSETS
Now we see that the daily candle got pushed far up, securing fully not only $40K but also the $42,500 zone as well, which means the surge in buys is still there and people are buying in and pushing the prices up.
With that being said, we see prices reaching a lean $45,500 zone, but we might even reach a tough $48K zone as well. We can't forget also that we are still having "pre-halving push," which usually doesn't end well.
The fractal is simple, a low-volatility bullish channel (higher-highs and higher-lows) after a big pump. The previous two times that this has happened, a big pump of around 50% occurred. Only thing that we're waiting for now is the definitive bullish breakout.
Keep in mind that the market often rhymes. With a bullish stock market and ETF's on the horizon, we could be seeing a big pump in the near future.
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Based on technical analysis, the current setup of this coin appears to offer a favorable buying opportunity.
The price action and Key indicators signal promising trends, suggesting a potential advantageous entry point.
However, prudent consideration of market volatility and risk management is essential before making any investment decisions in the cryptocurrency market.
#BTC Bulls in control, but are they strong enough?
The Observation and Plan:
We broke out from 38k and had a 4hr close above. That's a good confirmation to look for longs as market showing it wants to go up. However did leave behind a decent size top wick rejection. Which indicates the present of sellers so the likelihood of the impulse continuing imo is low. Fomo buyers will likely get their stop swept.
Am waiting for a retest of 38k to see if more buyers will jump in and hold the line as support before considering to enter or if it fails and turns out to be a fakeout taking out more longs, wait for it to break back below 37600 low and retest to go short.
Entry
For entry need bullish engulfing/pinbar on 30 min-hr
and lower timeframe market structure confirmation, also fib confluence. 8,14 ema price cross over and other price action confluences vice versa for sells below 37600.
Stoploss
For long stop below 37850 preferably, below the potential new higher low
For short stop above 37700 above the potential new lower high
#BTC/Update: Why doesn't anyone else notice the following?
1. For every bear market bottom, the second crash below the 200 WMA is always deeper than the prior one within the same cycle. Thus clearly another deeper move below the 200 WMA is looming before the bottom.
Expounding on my bearish RSI divergence point (and other points arguing for why another contagion may be forming of which I did not even go into detail about how much the economies outside the U.S. are weakening which is exactly what was happening in 2019 as well at least in W. Europe) from my said prior comments, note the different Elliot Wave structure of the bounce from the bottom in 2018 compared to 2022. The significant rally from 3.1k to 13.9k in 2019 was wave 1 of a bullish 5 wave structure that completed with the 2021 top. Thus the corrective wave 2 for the C19 contagion was not a lower-low. Whereas, coming off the prospective 15.4k low, there is a bull trap 5 wave structure forming which will complete in next couple of months or less. Thus this is a corrective wave B or X of an A-B-C aka W-X-Y bear market correction from the ATH. Thus Bitcoin is likely to make a lower-low in H1 2024.
#BTC/Update: Why doesn't anyone else notice the following?
1. For every bear market bottom, the second crash below the 200 WMA is always deeper than the prior one within the same cycle. Thus clearly another deeper move below the 200 WMA is looming before the bottom.
Expounding on my bearish RSI divergence point (and other points arguing for why another contagion may be forming of which I did not even go into detail about how much the economies outside the U.S. are weakening which is exactly what was happening in 2019 as well at least in W. Europe) from my said prior comments, note the different Elliot Wave structure of the bounce from the bottom in 2018 compared to 2022. The significant rally from 3.1k to 13.9k in 2019 was wave 1 of a bullish 5 wave structure that completed with the 2021 top. Thus the corrective wave 2 for the C19 contagion was not a lower-low. Whereas, coming off the prospective 15.4k low, there is a bull trap 5 wave structure forming which will complete in next couple of months or less. Thus this is a corrective wave B or X of an A-B-C aka W-X-Y bear market correction from the ATH. Thus Bitcoin is likely to make a lower-low in H1 2024.
#Doge🦊 DOGE Analysis There is a breakout of Descending Triangle Pattern in DOGE and DOGE sustains the bullish momentum after the breakout. It's a weekly breakout and we can see more higher price in long-term.
Current Price -- $0.07839
Target Price -- $0.14730
What to do?
- We have marked crucial levels in the chart. We can trade according to the chart and make some profits.
Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.#Doge
SOL 2hr impulse wave indicating the mega run may not be over yet contrary to a lot of commentary on Solana Check the bearish divergence that could be invalidated quickly with a couple of bullish candles moving price back into the 618 fib recovery area and hunting the rsi above the downward trendline The macd is reset with plenty of gas to make the journey We are ready to add to our position at the first positive signal the next move on some of these high cap Alts could be explosive
RNDR UPDATE: We are in the big C wave. This wave has become a diametric. It has stabilized on the key level of 2.66 and the historical dynamic resistance has been broken. The chart is susceptible to a 3D pattern that the third drive can end in the 5-6 dollar channel. Also classically on the chart in the above timeframes we have a cup and handle pattern. This well-founded symbol may have positive news on November 19-20 that will cause a heavy price pump.
RNDR is at the level of $2.6, it is very bullish #RNDR/USDT