BTC - The B Stands For Bull Run Analysis:
- Fibonacci Retracement
- Liquidity Point Analysis
- Support & Resistance
- Bullish Trend Analysis
Liquidity Points: $41322 / $59592 / $64899
Target 1: $74645
Target 2: $87280
Opinion:
Time to start the bull run for BTC
The next few weeks are going to be very green
The bulls are hungry and its time to eat :)
Bullishbreakout
$CAKE/BTC 1D (Binance Spot) Symmetrical triangle breakoutPanCakeSwap broke-out bullish, let's enter on 100EMA / descending Trend-Line retest.
Current Price= 0.0004450
Buy Entry= 0.0004228 - 0.0003888
Take Profit= 0.0005084 | 0.0005709 | 0.0006713
Stop Loss= 0.0003234
Risk/Reward= 1:1.25 | 1:2 | 1:3.22
Expected Profit= +25.28% | +40.69% | +65.43%
Possible Loss= -20.31%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 months
$ENJ/USDT 12h (Binance Futures) Descending trendline breakoutEnjinCoin broke-out bullish and is retesting the TL, it may pull-back to 50MA before bouncing again.
Current Price= 1.27.04
Buy Entry = 1.2406 - 1.1686
Take Profit= 1.4582 | 1.7380 | 2.1732
Stop Loss= 0.9924
Risk/Reward= 1:1.25 | 1:2.51 | 1:4.56
Expected Profit= +21.05% | +44.28% | +80.41%
Possible Loss= -17.62%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
IGL ascending triangle breakoutThe stock of IGL had a strong supply zone at around 570-575 levels which it broke with heavy volumes and gave closing above the same yesterday.
Also, a weekly closing above 570 looks like a good indication that stock might soon reach 600, 650+ levels.
Support is around 545-550 levels which is a good demand zone.
This is just for educational purposes.
$EGLD/USDT 8h (Binance Futures)Falling broadening wedge breakoutElrond eGold has broken out and is likely to retest 50MA before bullish continuation.
Current Price= 80.52
Buy Entry = 75.09 - 70.69
Take Profit= 85.98 | 99.50 | 115.25
Stop Loss= 61.94
Risk/Reward= 1:1.2 | 1:2.43 | 1:3.87
Expected Profit= +17.96% | +36.51% | +58.11%
Possible Loss= -15.02%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
$BTC/USDT 4h (Binance Futures) Falling broadening wedge breakoutBitcoin has broken out bullish locally then got rejected on 100EMA.
Now it is pulling back and about to retest the wedge, let's catch next dip!
Current Price= 32734.74
Buy Entry = 31964.00 - 31176.00
Take Profit= 34498.00 | 35988.00 | 38235.00
Stop Loss= 29472.00
Risk/Reward= 1:1.4 | 1:2.11 | 1:3.18
Expected Profit= +27.81% | +41.97% | +63.33%
Possible Loss= -19.95%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
$TRX/BTC 4h (Binance Spot) Descending broadening wedge breakoutTron has broken out bullish locally and looks ready to continue upwards after that 100EMA retest!
Current Price= 0.00000191
Buy Entry= 0.00000190 - 0.00000184
Take Profit= 0.00000205 | 0.00000219 | 0.00000237
Stop Loss= 0.00000172
Risk/Reward= 1:1.2 | 1:2.13 | 1:3.33
Expected Profit= +9.63% | +17.11% | +26.74%
Possible Loss= -8.02%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
$UNFI/USDT 8h (Binance Futures) Descending wedge breakout Unifi Protocol DAO broke-out and is looking ready for bullish continuation after a last pull-back!
Current Price= 9.247
Buy Entry= 8.560 - 7.870
Take Profit= 10.877 | 13.305 | 16.295
Stop Loss= 6.435
Risk/Reward= 1:1.5 | 1:2.86 | 1:4.54
Expected Profit= +32.40% | +61.96% | +98.36%
Possible Loss= -21.67%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
$NAV/BTC 1D (Binance Spot) Falling wedge breakout & retestNavcoin has broke out bullish few days ago, it is now pulling back and retesting the wedge, time to go for a swing!
Current Price= 0.00000969
Buy Entry= 0.00000975 - 0.00000915
Take Profit= 0.00001247 | 0.00001598 | 0.00001853
Stop Loss= 0.00000743
Risk/Reward= 1:1.5 | 1:3.23 | 1:4.5
Expected Profit= +31.96% | +69.10% | +96.08%
Possible Loss= -21.38%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
KEY/USDT Bullish breakout for Selfkey 250% in playWe recently posted KEY/USDT when it still was within the symmetrical triangle.
Now we got a bullish breakout and do see resistance that pulled us back to 0.012 twice already.
However, looking ahead we don't expect to get rejected a third time.
Volume is increasing which is a bullish sign.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
$XTZ/USDT 4h (Binance Futures) Symmetrical triangle breakoutTezos has broken out of the triangle and is looking good for bullish continuation here.
Current Price= 4.069
Buy Entry= 4.014 - 3.906
Take Profit= 4.323 | 4.629 | 5.119
Stop Loss= 3.669
Risk/Reward= 1:1.25 | 1:2.3 | 1:3.98
Expected Profit= +18.34% | +33.78% | +58.54%
Possible Loss= -14.70%
Fib. Retracement= 1.414| 1.764 | 2.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
$DGB/USDT 8h (Binance Futures) Descending trendline breakoutDigiByte has broken out bullish and volume is increasing, we expect it to keep going up!
Current Price= 0.07276
Buy Entry= 0.07260 - 0.06760
Take Profit= 0.09710 | 0.12790 | 0.18230
Stop Loss= 0.05657
Risk/Reward= 1:2 | 1:4.27 | 1:8.29
Expected Profit= +38.52% | +82.45% | +160.06%
Possible Loss= -19.30%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
ethusd may be following maticusd's leadethusd is also in a bit of an inv h&s that it has also broken above...it isn't quite as high above the neckline as matic is though so it currently has somewhat less probability of validating the breakout as maticusd does. Eth's pattern probably also could qualify as an adam an eve double bottom. Should ethusd's pattern get validated it could reach a target of 3.7k which wouldn't create a new all time high unlike matic which will create a new all time high by reaching the measured move...as with any pattern that forms on as small of a time frame as the 1 hour chart however we must remember that patterns on this small of a time frame get invalidated all the time so even though price action is currently above the neckline its still fairly easy for it to dump back below before reaching the target since it is on such a small time frame. For that reason I will list this idea as neutral.
$COMP/USDT 1h (Binance Futures) Descending trendline breakoutCompound is looking ready for recovery after that local break-out.
Current Price= 494.81
Buy Entry = 497.60 - 473.70
Take Profit= 567.50 | 617.90 | 688.90
Stop Loss= 430.91
Risk/Reward= 1:1.5 | 1:2.42 | 1:3.71
Expected Profit= +33.70% | +54.46% | +83.70%
Possible Loss= -22.54%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 3 days
If XRPUSD Confirms breakout here it should reach at least $2.40$2.40 if just the green symmetrical triangle is most valid but could go as high as $3. I expect it to stop briefly to consolidate around 1.80 2.40 and 2.75 if it does eventually make it to $3. It technically hasn't confirmed the breakout just yet but sure looks like it wants to. not financial advice*
$COTI/BTC 1D (Binance Spot) Falling wedge breakoutCurrency Of The Internet has broken-out bullish and looks good for continuation, maybe after a 50MA retest!
Current Price= 0.00000740
Buy Entry= 0.00000708 - 0.00000666
Take Profit= 0.00000910 | 0.00001212 | 0.00001681
Stop Loss= 0.00000538
Risk/Reward= 1:1.5 | 1:3.52 | 1:6.67
Expected Profit= +32.46% | +76.42% | +144.69%
Possible Loss= -21.69%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
$ALICE/USDT 12h (Binance Futures) Descending trendline breakoutMyNeighborAlice broke-out bullish then pulled back progressively forming a falling wedge pattern.
We are still expecting some more retracement down retesting the TL and 50MA before next leg-up!
Current Price= 13.291
Buy Entry = 12.433 - 11.629
Take Profit= 15.168 | 17.629 | 22.774
Stop Loss= 9.517
Risk/Reward= 1:1.25 | 1:2.23 | 1:4.27
Expected Profit= +26.07% | +46.53% | +89.29%
Possible Loss= -20.90%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
$GRT/USDT 4h (Binance Futures) Descending trendline breakoutThe Graph has broken bullish, the idea is to catch it on the retest of TL and 50MA!
Current Price= 1.68407
Buy Entry = 1.64255 - 1.58745
Take Profit= 1.82989 | 2.02021 | 2.30295
Stop Loss= 1.47127
Risk/Reward= 1:1.5 | 1:2.82 | 1:4.79
Expected Profit= +26.62% | +50.18% | +85.20%
Possible Loss= -17.80%
Fib. Retracement= 1.272 | 1.764 | 2.414
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
$DENT/USDT 4h (Binance Futures) Bull-pennant breakoutLet's give Dent another try here after that bullish breakout, looks ready for another leg-up!
Current Price= 0.011601
Buy Entry = 0.011405 - 0.010785
Take Profit= 0.013911 | 0.017053 | 0.020269
Stop Loss= 0.009687
Risk/Reward= 1:2 | 1:4.23 | 1:6.52
Expected Profit= +50.76% | +107.40% | +165.38%
Possible Loss= -25.38%
Fib. Retracement= 1.272 | 2 | 2.618
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
ETHUSD appears to be breaking out of a 1 day rising channelOf course there's always a chance the follow up 1 day candle here could find a way to dump all the way back down to retest the top trendline of this channel...could even go back below it and it would still remain resistance at that point...however the sheer size of the current green candle seems to suggest that probability is high that the trendline will be flipped to support...there's also a chance that eth continues to fly from here and doesn't even come back to retest the trendline at all. Hard to say, but eth currently is looking very very bullish here. If eth were to continue to moon here and/or temporarily dip to retest the top trendline of the rising wedge as solidified support...then odds are good ethereum will be going absolutely parabolic here.
1hr chart inv h&s seem to be confirming breakout on xrp & btcthis is the inv h&s pattern we just broke up from on the 1hr chart that seems to be confirming its breakout....its measured move breakout target should then take us above the top trendline of the 1 day charts bullflag(not shown here) that we are currently just below the resistance of
n it's top trendline..greatly increasing the odds that we will break above that trendline on the way to reach the inv h&s's breakout target....bitcoin is doing the same exact 2 patterns as well right now so where goes bitcoin xrp is likely to follow...currently the bullish confluence tips the probability scales slightly in the bulls favor for continuing to the upside. However we need to see confirmation similar to this inv h&s pattern's on the 1 day bullflags as well in the next few days to feel confident that the breakout it fully confirmed.
$REN/BTC 3D (Binance Spot) Big falling wedge breakout and retestRen (formerly known as Republic Protocol) broke bullish few months ago and looks ready to push higher now.
Current Price= 0.00001572
Buy Entry= 0.00001594 - 0.00001370
Take Profit= 0.00002362 | 0.00003330 | 0.00004375
Stop Loss= 0.00001130
Risk/Reward= 1:2.5 | 1:5.25 | 1:8.22
Expected Profit= +59.38% | +124.70% | +195.21%
Possible Loss= -23.75%
Fib. Retracement= 0.5 | 1 | 1.5
Margin Leverage= 1x
Estimated Gain-time= 6 months
ETHUSD almost to its C&H breakout target; 15% more to climbI charted this cup and handle months ago and gave a 2747-2800 target back then we can now see ethereum is finally making the last leg up to the target and if we were to zoom in here we could see a bullflag on the 1 day chart that ethereum has just now broken out of and that bullflags measured move lines up exactly with the c&handle target of 2474....so odds heavily favor us reaching this target with that added confluence...giving it at least another 15% to pump from here. Some may be perplexed saying "I don't see a handle" well it's a very tiny handle but its there and you can see it much better on a 4hr timeframe. Sometimes these cups have micro handles. Target 2474 not sure where it will head after that though. *not financial advice*