Is it time for DOGE?Exactly 2 weeks ago I posted the idea about BINANCE:DOGEUSDT might check 0.13 area and complete Elliot Wave theory. All profits are taken. Now it is a time to observe and wait patiently.
There are a few things I would like to see:
1. Close a candle above 0.13 in 1D TF.
2. BOS or CHOCH movement.
3. Volume.
4. CRYPTOCAP:BTC.D to decrease.
Bullrun
Time for KDA?This is my idea on KDA and how it will go in the future. KDA showed great potential in the last few months, but there are not many green candles when it's going down from the last higher high which is around 2. That worries me a little bit. Anyway, this is the opportunity to consider spot and futures trade, maybe either. I am waiting to break the support zone below, reach liquidity, and pull back in. Maybe CHOCH or BOS in 1H - 4H TF. 0.95-1 zone is very crucial, closing the candle above 1.05 in 1W TF will be a huge confirmation.
Will do an update on Entry and Take Profit zones.
17/06/24 Weekly outlookLast weeks high: $70,207.85
Last weeks low: $65,079.20
Midpoint: $7,643.52
Bitcoin over the last week is in a clear downtrend, despite midweek volatility caused by the CPI & FOMC news events. The results of those news events overall were positive and we saw the reaction of that with a move from 0.25 level to range high. Yet price rejected yet again from the '21 ATH / range high levels before printing Lower highs and Lower lows making BTC LTF bearish.
Altcoins are being destroyed during this chop, clear downtrends sub 4H 200EMA and a lot are retesting their 1D 200EMA levels for the first time in months. Only a handful of well performing exceptions are surviving but even they are running out of steam e.g. LSE:ONDO , LSE:TON , $JASMY.
I think I could see a sweep of the previous weeks low, before we see any sort of rebound and aim for MIDPOINT. The 4H 200EMA is sat at just below MIDPOINT and so there is huge resistance there, a rejection of that level continues the LTF downtrend.
This week I am continuing to monitor the Bullish Divergences that are appearing on the 4H & 1D and looking for any clear reversal in trend direction. For now I cannot see what catalyst would be responsible for turning this price action bullish, but that is what my focus is on, until then this is a no trade environment in my opinion.
Considering a Long-term Long position at ADA ( Cardona ).As we know ADA reached a higher high last February. That means it shows strength to rise again, even to make a higher high. Some might say Change of Character (CHOCH) formed here. What I am seeing is not CHOCH, just gaining some strength while BTC is going down. Closing a candle above 0.525 in 1W TF will be a huge confirmation to go even further. I am waiting for the Break of Structure (BOS) or CHOCH in the 1H-4H timeframe.
The Massive Potential of June's BULL-RUNNow that all of the speculations are pointing to the approval of the Ethereum ETFs , along with the positive CPI reports this week, it's safe to assume that we're about to break out of the current accumulation period.
After +60 days of correction, everyone is eager to explore the potential of the next bull-run, so let's delve right into it. HOLD YOUR BREATH!
- STAGE ONE: MAKING A NEW HIGHER HIGH
In case you haven't noticed, on the 4th of this May, we have already broken out of the downtrend that lasted since the first day of April. However, we haven't made any higher high yet, so the bearish structure is technically still valid.
Thanks to a whole bunch of good news and won rounds for crypto in the regulatory and judicial war, starting with RIPPLE surviving court and -hopefully- ending with the Ethereum ETFs approval, a break of the bearish structure seems inevitable to me, leading to a surge towards the 700B milestone.
This is going to significantly refresh the alt-coins market, making up for April's harsh losses.
- STAGE TWO: SELLING THE ETHEREUM ETF NEWS
Now that things are looking greenish for the bulls, it's time for the exchanges to make money too. A minor correction and a retest of the 700B level would be reasonable, liquidating a ton of long positions, reigniting the trauma of the resistance that ended the February - March Mini bull-run and shaking more and more hands.
And of course, there's the excuse of 'selling the news' for the exchanges to use before liquidating the crypto Futures market.
I expect the traditional Alt-coins (ETH, XRP, ADA, etc..) and AI coins to perform extremely well at this stage.
- STAGE THREE: THE JUNE BULL-RUN
May wasn't as tough as we had expected, right?
Well, this cycle is just getting started surprising us. As June approaches, Alts should see positivity due to the impact of the adoption of Ethereum. And of course, the largest piece of that green cake will be handed to the holders of any Alts related to Ethereum.
We should see AI coins continuing their dazzling performance, promising projects related to RWA and Solana's competitors performing really well at this stage.
I expect this stage to end when Ethereum makes its new ATH and as July approaches, then we should see Bitcoin taking back the lead and making its REAL ATH. Because.. you know.. 73K wasn't a real ATH (whispers).
In my opinion, this scenario can be invalidated in two cases ..
First case is if the Ethereum ETFs get disapproved.
Second case is if we somehow revisit the current cycle bottom (highlighted on the chart).
So that was it! My humble advice?
- DO NOT use leverage, you don't need to challenge the exchanges and risk your capital. Enjoy a happy and calm June by buying your favorite coins on the Spot market.
- DO NOT hold your alts for too long after Ethereum makes its new ATH. Bitcoin has to take back the lead and make its way to a new ATH. Don't worry, you will get many new opportunities during Bitcoin's bull-run.
Note: This was an exploration of a potential scenario based on the current context and state of the market, not financial advice.
10/06/24 Weekly outlookLast weeks high: $71,199.84
Last weeks low: $67,611.61
Midpoint: $69,801.22
Chop, chop and some more chop for Bitcoin. A steady a climb for BTC last week from range lows made at the beginning of the week with a high just shy of $72K before freefalling to the 0.25 line which coincides with the '21 ATH level l, and a bounce back up to the midpoint which is currently LTF resistance.
The altcoin market is looking in pretty rough shape in comparison to BTC, many have halved since their highs and are now retesting their 1D 200EMA's for support. In a Bullrun you'd expect these levels to hold and can offer great Long entries, I'd like to see BTC show strength above the '21 ATH because if we see another drop below alts will follow and once below the 1D 200EMA we could be in trouble for a while.
For this week I am looking at potential alt longs at the 1D 200EMA levels but being very aware of Bitcoins price. No trade if BTC is below SWB:69K as that would be yet another failed ATH run, and would look to target lower down in the chop range.
CPI & FOMC JUNE 12th Massive day for BTC, crypto and the broader markets as CPI and FOMC take place in a time where BTC has taken a dive back towards the range MIDPOINT.
Both CPI & FOMC are forecast to be non movers, with 3.4% and 5.5% respectively. Last month CPI was the catalyst for the move from 0.25 to range high, however some of that hard work has been undone in recent days.
I would like to see the same kind of move but this time from the MIDPOINT which often provides a better starting point to a move. What we don't want to see if BTC is to keep bullish HTF momentum is lingering around the midpoint level with a view to target range lows yet again. Buyers need to come in fast before momentum is lost.
With sentiment so low but price constantly knocking at the door of ATH, ETF's being approved leading to institutional investment, mining rewards halved and a US election on the way this year. Big things are about to happen in the world of cryptocurrency and Bitcoin is the one leading the charge as it so often does.
Be greedy when others are fearful springs to mind. There is definitely fear in the market and its participants, The chart once you zoom out does not give me reason to be fearful just yet, this is a Bullrun and dips like these can be turned into wins.
LOW CAP GEMS - DIMITRA (DMTR)In this series I will be breaking down and analysing projects that are <$100m in market capitalisation (at time of post).
- PROJECT OVERVIEW
Dimitra Incorporated is a global Agtech company with a mission to help smallholder farmers across the world. Operating on the Ethereum blockchain, the name derives from Demeter, the Greek Goddess of the harvest and agriculture. Dimitra works with governments, government agencies, NGOs, and for-profit organizations. The Dimitra platform is built on blockchain technology and incorporates mobile technology, machine learning, IoT devices, satellite and drone imagery, genomics, and advanced farming research. Through our data driven approach, Dimitra helps farmers increase yields, reduces expenses, and mitigates risk. Dimitra believes that every smallholder farmer, regardless of economic standing, should benefit from simple, beautiful, and useful technology. With 100K+ users currently and growing it's the largest cryptocurrency to deal with agriculture of it's kind.
- ROADMAP
Dimitra has ambitious and impactful goals. The goal is to grow our platform to 100 million smallholder farmer users within the next 4-years. They already have agreements in place with 8 countries but there is a long way to go to reach their goal.
- TEAM
Dimitra has 123 team members in total including CEO and Founder Jon Trask. He is the winner of the 2023 Government Blockchain Association Annual Achievement Award in the “Social Impact” Category!
- PARTNERSHIPS
Global projects operating in 14+ countries with partners in 68 countries.
In terms of exhange listings they are partnered with one tier-1 exchange in Kucoin, as well as Gate.IO, BitMart, Bittrex, Uniswap and more. However, they are not listed on Binance or Coinbase, once this does happen it will open up the opportunity for a much larger population of potential buyers.
- PRICE TARGETS
It's easy for people to throw outlandish price targets out there in the world of crypto without much reference to how they got to that conclusion. I prefer to compare Market Caps in order to derive token prices.
Looking back at the previous Bullrun, alts hit very high MarketCaps before falling back to 'fair value'. For this I'll use current MCap and Bullrun MCap for a guide, DMTR is currently #484' on MCap:
- Oraichain (ORAI) #343
Price target: $0.35 (2.1x)
- PAAL AI (PAAL) #226
Price target: $0.49 (x2.95)
-Ocean protocol (OCEAN) #135
Price target: $1.05 (x6.24)
- Fetch.ai (FET) #51
Price target: $4.43 (x26.33)
- Cardano (ADA) #10
Price target: $33.74 (x197.65)
I've used other AI projects and a top 10 crypto to show how DMTR could move up the leaderboard and what that would mean for token price.
- SUMMARY
Dimitra is an exciting project with genuine real world value, aiming to tackle a very important problem we have on this planet and that's providing Food to the increasing population of earth. The tokenomics could be better as there is only 41% circulating supply, however with a growing interest by large entities such as BlackRock for RWA's and AI projects we could see a considerable investment in a project like DMTR in the future. Having broken out of a multiyear accumulation phase recently I think DMTR will be a very strong performer
- RATING
8/10
- SOURCES/b]
dimitra.io
coinmarketcap.com
marketcapof.com
Start the crypto market with BNB?
BNBUSDT :
If it breaks the range of 630 and the candle closes above it
And the pullback is done, we can expect the specified range to move
But keep in mind that this is the first and short-term target
And if the price breaks our red trend line and crosses it
Then it will move up to the blue trend line.
You can open your position right now
And set your stop below 489
Another stop can be 554.
But keep in mind that the price may hit your stop in this area and move up.
So, if you want to open your position at the same price, the safe zone is 489.
If you want to wait, the price will cross 630 and complete the pullback
Stop point 558 is suitable.
Good Potential with EMA holding strong$BINANCE:TNSR (4H CHART) Technical Analysis Update
TNSR is currently trading at $1.0239 and showing overall bullish sentiment
Price is currently holding strong above the 100 and 200 EMA line
Chat patterns is also showing bullish sentiment with strong triangle breakout and re-tracement is looking good.
Entry level: $1.0239
Stop Loss Level: $0.7725
TakeProfit 1: $ 1.1525
TakeProfit 2: $ 1.3821
TakeProfit 3: $ 1.7689
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
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GreenCrypto
Is it time for make decent profit on SUSHI?0.8-1 area was beautiful opportunity enter, but don't worry we got another chance right here. Sushi couldn't break 1.1 area in last month. Fortunately we see big bull candle close above 1.1 area and consolidating over it. That is a great sign to go up and lovely to see it. And beautiful H&S pattern forming right now. If you don't want to take risks and wants to take it slow, I suggest you enter in long position after neck breaks.
Bitcoin BTC Updated Bull Run Path I have updated the Bitcoin path by looking at the time frames it took to break through each of the Fibs from the last two bull Runs. I found a command time frame between the two that I have applied to this Bull Run. We are looking at hitting the $193K+ price point now around Nov. 1, 2024. Also looking for an ALT season around Dec 2024. Let's see how things will play out.
Could we get better position to enter?This is my idea of how DOGE will go in near future. I think DOGE is still consolidating like BTC, looks like we might see little pullback to 0.12-0.13 area. That means completing 5 waves of Elliot wave theory. 0.13 might sound awful for those who invested in, but if DOGE ever hit 0.12 area again that means checking that area 3rd time and its gonna be huge confirmation to go up, maybe even higher high. Unless DOGE could close candle above 0.18 in 1D and 1W timeframe it is most likely to go down before the big impulse.
03/06/24 Weekly outlookLast weeks high: $70,741.40
Last weeks low: $68.714.79
Midpoint: $66,688.18
As we enter the Midway point in the calendar year BTC finds itself continuing to battle its '21 ATH. For many weeks now we've seen this key S/R level flipping from support to resistance and vice versa, will we finally see a breakout move above this week?
Although for the last few weeks the general attention has been focused on the ETH ETF, now that that is over and had a bullish turnout the market is looking for BTC to lead the way. Price is now above the 4H 200EMA, Post-halving supply shock effecting tokenomics positively in terms of supply and demand and currently breaking down the previous cycles high. Given all that in mind I think the patient will be rewarded as I think when BTC does get a clear run, most likely when Greyscale stop selling at a rate that causes outflows to overcome inflows. Top buyers sell pressure is relieved as holders who were underwater all bear market sell their positions and give way to buyers with high conviction. Then we will see BTC target $80K, only a matter of time.
This week I am focusing on BTC strength and signs of a breakout, I would say that once BTC breaks out, ETH will break above $4K and target ATH @ $4.8K. Things to look out for is any US news that could effect the markets; law making, Veto's etc.
Hopefully you had a good first half of 2024 and good luck for the second half!!
Ethereum Classic ETC 300$ on bullrun cycleOn my chart you can see accumulation phase from 12$ to 50$ , price can't broke the support level 12$ since January 2022. Also there are one more accumulation inside with range 12$ to 26$ which continues from December 2022 - 1 year of accumulation phase. On lower timeframe you can see how price works with lower liquidity and also leave compression of liqiudities which will be the fuel for bullish movement, the same view was on previous bullrun. If you enter right now and wait a time , you can easily hold ETC before ATH happen, it will be 10x from enter. The same situation with ETC/BTC and ETC/ETH , price works well with lower liquidity . Also miners can't mining ETH and a lot of people decided mining Ethereum Classic , also I believe ETH can help his brother ETC to pump coin . MAX marketcap of ETC was 14b, and that time when Litecoin had 22b, Chainlink - 20b.
Polkadot to 31.Polkadot made a higher high in March, since then Dot went down by 41% and still consolidating. 41% may sound awful but it is a great opportunity to invest or do futures trading. 5.5-6 would be a very comfortable area to consider investing or trade. As you can see Fibonacci 0.5 and 0.618 are perfectly lined with crucial zones. I will be taking profits at those green lines. For Spot trading I suggest HODL a little longer till Dot makes a higher high. Hope you can understand and sorry about my English.
Bitcoin to 91kBitcoin is holding little down trend resistance, but it is a matter of time to break it. It is possible to see little correction to 64.5k - 65k area. Closing candle above 74k is gonna be huge sign to go up. In the end we are going to see 91k or even higher. This could be final push and after that Bitcoin could ease down a little give some chance to altcoins to go to up, to do that BTC.D ( Bitcoin Dominance ) must go down!
EVERY Possible Scenario for ETH in 2024As we can all observe, ETH is doing pretty bad against BTC. And I mean neck-deep-up-sh*t-creek-with-its-mouth-wide-open kinda bad LOL.
People are starting to worry and get flashbacks of the December 2020 dip of ETH against BTC.
The current situation is the price retesting a historic golden FIBONACCI level (61.8%) that's about 3 years old. This level is crucial because it's formed by the last cycle's bull-run surge.
Let's explore the possible and impossible, or rather unlikely, scenarios.
FIRST SCENARIO: Ethereum ETFs get approved.
This obviously is what we all wish for, not only ETH investors and fans, but everyone who cares about the Alt-coins market. I expect a huge surge from our golden FIBO level if this scenario occurs.
SECOND SCENARIO: Ethereum ETFs get disapproved.
In this case, it would be reasonable for the price to decline and retest the bottom of an even more historic symmetrical triangle structure that's as old as ETH.
The price should bounce from there as Ethereum recovers from the bad news and retry surpassing the golden FIBO level.
THIRD SCENARIO: Ethereum is doomed.
This is a very unlikely scenario , but let's humor it anyway. What if ETH fails to retest the bottom of the symmetrical triangle structure that's been containing its price action since millennia?
Well, I don't expect this to happen unless ETH fails to recover from the bad news and turns out to be a huge SCAM coin. The biggest scam coin in the history of crypto.
Sorry if this was too intrusive and scary. I just think it's reasonable to always consider the worst as we consider the best outcome possible.
The GREAT news is all of the speculations are pointing to the approval of the Ethereum ETFs , I personally expect the approval next week, so I'm ruling out anything but the BEST possible scenario for ETH this cycle!
Note: This was an exploration of a potential scenario based on the current context and state of the market, not financial advice.
27/05/24 Weekly outlookLast weeks high: $71,999.47
Last weeks low: $69,028.57
Midpoint: $66,057.66
After a historical week for the crypto space with the ETH ETF approval has meant that BTC has taken somewhat of a backseat. Currently battling with the '21 ATH at SWB:69K while ETH is beginning to pic up strength in the ETH/BTC pair and take volume away from Bitcoin.
Ethereum has been a relatively slow mover in comparison to some of the rest of the altcoin market. However, now that the ETFs are approved and it is to be expected that ETH will have huge Inflows just as BTC did with a >50% increase since approval. All this means that I could see BTC fighting the '21 ATH for sometime while the altcoin market and mostly ETH will take the spotlight for the next week at least.
SWB:69K lines up well with the weekly range Midpoint and that's the key battle for BTC, so far this Bullrun we've seen BTC lead the way generally, could it be time for ETH to take over?
This week I think ETH and ETH beta plays (OP, ARB, LDO, METIS etc) are the ones to watch, I would be cautious when it comes to Longing ETH blindly at this level, yes the massive demand increase will help price rise but as we saw with BTC after ETF approval, price did drop 18% over two weeks post approval. I'm not saying this will definitely happen with ETH, so far despite an initial 10% whipsaw price has stayed generally the same with a slight move up, however It is worth noting.
Crypto Market Cap Analysis: Overbought RSI and Potential PumpThe crypto total market cap has followed the potential pump I mentioned last week. So, what's next for TOTAL?
From a technical analysis perspective, as we can see, the RSI is still in the overbought area, indicating a potential retest before continuing its pump. There is a big possibility that the pump will reach the greed zone area of 2.957 - 3.024T.