WILL HISTORY REPEAT ITSELF AGAIN? This is my map and guide when to buy bitcoin. The answer is NOW!
The same pattern happened everytime before we saw a major pump.
1. PUMP from the lows of bull run all the way up to support and resistance on 1 MONTH time fram.
2. REJECTION OF SUPPORT AND RESISTANCE before halving. This rejection lead to smaller correction with drop of fear and greed index down below 20 = PERFECT OPPORTUNITY
3. BREAK ABOVE SUPPORT AND RESISTANCE
4. RETEST = CONFIRMATION currently I'm waiting for price break below 53.000$ to start buying more and more. There is also a possibility that we will see price falling lower to 36.000$ - 46.000$ area.
I'm already buying crypto assets with lower amounts of capital but once we see the scenario mentioned above, this will be my signal to get in action.
Imagine the fear if we fall and close below local low of 53.136$ . This could lead to extreme fear on the crypto market which could indicate the perfect buying opportunity.
Take your time, look at the chart and you will see the same pattern happening over and over again.
This is only my point of view and not financial advice. DYOR!
Bullrun
ETH/USDT 1D Trade idea It's no secret, Ethereum has been struggling this Bullrun.
Outperformed by Solana and other new emerging L1's, a permabearish ETH/BTC chart and losing market share in terms of volume on chain to its competitors.
The daily chart is a difficult one to digest as a fan of ETH, despite the ETF approval and the institutional investment that has come with it, the trend is an obvious downtrend of late and shows no signs of changing anytime soon...
The ETH/BTC pair is a similar story only the downtrend has been the case for much longer, unable to keep up with bitcoins price gains. Bitcoin is currently -20% from its ATH set earlier this year, Ethereum is yet to break its previous ATH set in '21 of $4850, -47% at current price which is way off BTC.
For me there are two possible entries:
- A mid range reclaim would then target a range high move going into the end of the year.
- A safer entry of filling the wick set in the beginning of august with a slow grind down, sweep liquidity, reclaim and pump from there.
Both situations would require BTC to behave as always.
#BTC: QUICK UPDATE! TESTING YOUR PATIENCE!!Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin is currently trading sideways around the $58k level. The daily chart shows a potential bull flag formation, suggesting a period of consolidation before a significant move. I anticipate this sideways action to continue for another 3-4 weeks.
While we wait, accumulating promising projects like FET, ONDO, JUP, RENDER, and INJ could be a strategic move.
Key indicators to watch:
RSI divergence: A bullish divergence on the RSI could signal a potential breakout.
Volume profile: An increase in volume during consolidation can often precede a strong move.
Patience is key. A breakout from the bull flag could lead to substantial gains.
What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
BTC $38-$40k low before macro upsideSorry to break it to y'all, but the BTC chop isn't finished yet. I expect a drop to around the $40ks which coincides with the Nov 22 low from a momentum perspective, unlocking another 10 months of upside like we previously experienced.
CAPITALCOM:US500 is the main cause of this, which will cause another capitulation event before assets break correlation and boom. Timeframe can be forecasted using the resistance fan lines. I am a MAXI so trust the analysis, I want $300k+ just as much as you all do. Kappa.
TOTAL - An Overview on the crypto marketcap#TOTAL #Analysis
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+ After a clear bounce from the support, another drop is occurring, which is normal.
+ We also have a strong support line that is providing significant support.
+ As long as the market cap remains above the horizontal and trendline support, there is hope for an upcoming bullish market.
+ A breakdown from this support zone could lead to further declines in the market.
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Enhance, Trade, Grow
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VectorAlgo
BTC/USDT 🔍 BTC/USDT Analysis: Key Dates and Strategic Insights for the Bull Run and Beyond 🚀
The BTC/USDT chart reveals crucial upcoming dates that could significantly impact Bitcoin's price action:
September 2, 2024 - Green Line: A potential local low, presenting an opportunity to accumulate BTC before the next leg up in the market.
January 6, 2025 - Red Line: This date likely marks the end of the current bull run, with Bitcoin expected to peak around late December 2024. This could be the time to take profits as the market might enter a cooling phase.
April 27, 2026, December 14, 2026 - Green Lines: These dates indicate potential local lows, providing ideal entry points for long-term accumulation.
August 2, 2027, March 6, 2028 - Red Lines: Watch for these dates as potential local peaks.
Strategic Accumulation (2026-2028)
The period between 2026 and 2028, highlighted by the green lines, is projected to be the best time to accumulate BTC in preparation for the next Bitcoin halving. Investors should consider gradually building their positions during these years.
Bull Run Conclusion & BTC Dominance
The end of the 2024-2025 bull run is anticipated by late December 2024, with Bitcoin likely reaching its peak around that time. Additionally, Bitcoin’s dominance is expected to decrease to around 42-45% by mid-October 2024, signaling potential strength in altcoins during that period.
Aligning your strategy with these key dates and market phases could help maximize returns and position you effectively for the long-term.
#Bitcoin #BTCUSDT #CryptoAnalysis #MarketTiming #CryptoStrategy
Is Polkadot going to make lower low?Yellow Line - BOS zone
White Line - Resistance of Bearflag pattern.
This is my idea on BINANCE:DOTUSDT and how it will go. We all know Dot is one of the top altcoins with huge potential. As you can see BINANCE:DOTUSDT is much likely to form a bearflag pattern before it goes up. If DOT ever reaches the 2.5-3 zone I would re-enter Long position again. You may think why 2.5-3 zone? isn't it going to make lower low? For me seeing a lower low is a confirmation that we are in a bearflag pattern and checking the bottom support line 3rd time is a huge confirmation to consider a Long Position. So time will tell!
Bitcoin Cup and Handle Pattern - Last Leg BINANCE:BTCUSDT (1W CHART) Technical Analysis Update
Bitcoin has recently formed a well-defined cup and handle pattern, with the price currently in the final stage of the handle. A recent market dip, fueled by recession fears, briefly pushed Bitcoin's price below $50,000. However, it quickly rebounded and is now trading at around $59,000.
If this reversal trend continues, we could see Bitcoin's price reach the resistance level of $65,000 to $67,000, marking the top of the handle. A breakout from this resistance zone would confirm the continuation of the bull run. The upcoming weeks will be critical in determining whether the bull run will persist or if a bear market is on the horizon.
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Cheers
GreenCrypto
Bitcoin - Weekly chart Update - Bears will lose#BTC/USDT #Analysis
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+ Bitcoin has bounced back with a 15% recovery from the recent market low, a positive sign indicating resilience. The price is currently holding above a critical support level, which is crucial for maintaining bullish momentum.
+ While the price is trading above support, a major drop below this level would be concerning for Bitcoin’s long-term outlook. The next significant support is at $45K, a crucial trend line. A break below $45K could signal the onset of a bear market.
+ Despite the recent recovery, August and September are expected to be challenging months for Bitcoin. The market is likely to range with multiple spikes and drops, potentially leading to liquidations for both bulls and bears. This period of volatility requires careful risk management.
+ I remain optimistic that Bitcoin will hold above the $50K level, with a gradual recovery likely from this area. Maintaining support above $50K is essential for avoiding a deeper downturn and sustaining the long-term bullish trend.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
BTC Dominance Update - Alt season confirmed ?#BTC.D #Analysis
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+ Bitcoin dominance (BTC.D) has surged to a local high amid a sharp decline in altcoins, driven by recent recession fears. This rise in dominance has brought BTC.D close to a significant resistance level, a key area to watch for the potential start of an alt season.
+ The current BTC dominance is hovering around 57%, near a major resistance line. Historically, a rejection at this level has been crucial for the onset of alt season, where altcoins outperform Bitcoin.
+ Looking at past trends, alt season has typically followed a rejection of BTC dominance from this resistance. If history repeats itself, a pullback from this level could signal the beginning of a strong altcoin rally.
+ Should BTC dominance begin to decline, the next significant support level is around 40%. A move towards this support could trigger a substantial shift in market dynamics, favoring altcoins.
+ A downward trend in BTC dominance from current levels would likely fuel a major alt season, as capital flows out of Bitcoin and into altcoins. This scenario could present significant opportunities for traders focusing on the altcoin market.
Conclusion:
BTC dominance is at a critical juncture, with its proximity to a key resistance level potentially setting the stage for the next alt season. A rejection at this resistance could lead to a decline in dominance towards the 40% support, igniting a robust rally in altcoins.
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Feel free to share your thoughts and insights.
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VectorAlgo
TOTAL3 - Total Altcoin marketcap | Headed in the right direction
Altcoin marketcap is currently trading inside the channel and it's been inside the channel since 2024 with market cap reaching the peak in first quarter of 2024
Currently the marketcap is around the resistance line and expected to break out from the resistance zone.
we can expect a clear bullish confirmation after the price breaks the $750B barrier.
By the end of 2024 i'm expecting the altcoin marketcap to reach 1T
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
BTC 1D OUTLOOKBitcoin is in a tricky place right now. The fear and greed index has cooled off massively and now sits at a neutral score of 55. General sentiment is very poor and after nearly 2 months of sideways action traders/investors are getting restless especially after the promise of price rally post-halving, but is there any positive news?
The chart is pretty clear, HTF is bullish, still above the 1D 200EMA but LTF is bearish. BTC has clearly broken its uptrend and is now in a bearish trend channel, although there has been a breakout attempt, for now it seems to be a fakeout. For me this leaves 2 scenarios;
- Trigger 1 is a breakout trade where confirmation is needed to avoid another fakeout, this includes making a higher high after a new lower high and therefor confirming a new bullish structure after breaking out of the bearish channel.
- Trigger 2 is more of a bearish scenario but one I believe would be better in the long run. There is a large inefficiency area between 52K-56.5K, price seeks to fill these fair value gaps and as long as that area is left unfilled it will always attract price to it, now this could be filled at anytime in BTC's lifespan but it would make the most sense to do it now rather than after price has another huge rally as the risk of a complete capitulation move down to fill this area would grow. Another reason I believe it makes the most sense is that the 1D 200 EMA is at the bullish OB+ level, in a Bullrun this level is a great point to enter longs as it provides strong support. Adding all these layers of confluence suggests this bullish OB+ area should it provide a positive reaction, would be a good area to enter longs which also would mean the altcoin market would also see a positive move as it is currently massively oversold and would bring traders to be more risk on.
The halving so far has not brought the desired bullish narrative that a lot of people expected but it would never going to be a reason for Bitcoins price to suddenly move up, it's one that will gradually have an impact as the supply shock has a lasting effect on miners and institutional investors.
Patience is key in this game, I believe that this quarter will remain a choppy frustrating one as BTC cools off after a year long rally and gets ready for the next leg up. Making sure that the portfolio is a strong as it can be for the next leg of the Bullrun is key and capital preservation is number 1. Trading because of boredom can be very costly. Stick to your plan as best you can to avoid any mistakes.
SOLANA 1D RANGE There is no denying the last few months in crypto have been frustrating to say the least. With a brutal seemingly endless chop despite some very bullish events such as the halving, BTC & ETH ETFs, institutional interest and buying, presidential candidates in support of the industry etc. Bitcoin still struggles to break and stay above its '21 ATH @ $69,000.
For altcoins, and in particular SOL, this means they bleed as well and more often than not, they bleed more than BTC. Since range highs we've seen multiple retests of the lows and no retests of the highs, currently price has lost the range midpoint after hitting diagonal resistance and could potentially be targeting range low once again. The difference this time is the 1D 200EMA which usually serves as a Bullrun launching pad will be above that range low, any acceptance below this moving average is catastrophic for SOL.
SOL has recently overtaken ETH in daily DEX volume more than once in the recent past, which has signalled a shift in on-chain preferences for traders of lower-cap coins. This could help to keep SOL afloat compared to other L1'S and alts in general however if the environment truly is risk-off then it may not be enough.
From a bulls standpoint you'd like to see SOL hold price in this bullish Orderblock and at the worst $138 which is where daily support & 1D 200EMA is situated.
With rate cuts predicted to be coming in September, it feels like a survive the next 6 weeks and thrive in Q4. Until then it's capital preservation market conditions.
SOL Eyeing a Major Breakout - Potential for Explosive Growth#SOL/USDT #Analysis
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+ SOL is trading around $141.77, with the 21 EMA ($155.22) and 55 EMA ($144.13) in close proximity, which could serve as support and resistance levels, respectively. The 100 EMA is further down at $123. If SOL breaks above this resistance zone, it could signal the start of a new uptrend.
+ The primary resistance zones are around $165 to $205, with a potential breakout target toward the $920 leve
+ The RSI is currently neutral around 50, indicating that SOL is neither overbought nor oversold. This suggests room for further upward momentum if buyers step in.
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VectorAlgo Trade Details
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Entry Price: 142
Stop Loss: 112
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Target 1: 172
Target 2: 200
Target 3: 251
Target 4: 400
Target 5: 700
Target 6: 900
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Timeframe: 3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
ETHUSDT: A Golden Opportunity?Hey everyone!
Appreciate a like and follow if you find this analysis helpful!
Let's dive into the ETH 2-day timeframe chart. We're currently observing a bullish flag pattern forming. The price is nearing the lower support line of this flag, a level that has held strong for the past six months. Historically, ETH has bounced positively from this zone.
It's worth noting that the ETH ETF was recently launched, mirroring the BTC ETF launch in January. Following the BTC ETF launch, BTC experienced a roughly 20% drop before embarking on a parabolic 90% surge. A similar pattern could unfold for ETH.
This setup presents a compelling risk-reward opportunity for ETH buying.
Entry range: $2750-$2900
Targets: $3800, $5700, $7300, $10,000
Stop-loss: 2-day close below $2500
What are your thoughts on ETH's current price action? Share your analysis in the comments!
BTCUSDT: Still Above Resistance - Potential Continuation ?---------------------------------------------------------------
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The Bitcoin/TetherUS pair has displayed a strong bullish momentum since recovering from the 2022 crash. The price is currently trading above a crucial resistance level, suggesting potential for further upside. However, the recent price action has shown signs of consolidation, indicating a potential period of indecision before the next significant move.
- The overall trend since the 2022 low has been bullish
- The horizontal resistance level has acted as a significant barrier in the past. A sustained break above this level could signal a continuation of the uptrend.
- The recent price action suggests a potential period of consolidation before the next directional move.
- The RSI (Relative Strength Index) at the bottom of the chart is reading 64.52, suggesting moderate bullish momentum without being extremely overbought.
- We can see a series of higher lows and higher highs, indicating a bullish market structure.
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
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Best Regards,
VectorAlgo