Cryptobullmarket
PIXEL SET TO GOLDEN CROSS!As we approach early December, all eyes are on Pixel/USDT, with technical indicators suggesting that the asset is on the verge of a Golden Cross – a powerful bullish signal where the 50-day moving average crosses above the 200-day moving average. This historic crossover has often marked the beginning of a new, sustained uptrend, and if the pattern holds, we could be witnessing the start of an exciting rally for Pixel USDT.
With strong market sentiment and the potential for continued growth, it's looking more and more likely that Pixel USDT will not only ride this bullish wave into 2025 but could also establish itself as a standout performer in the crypto space.
If this Golden Cross plays out as expected, we could see Pixel USDT breaking key resistance levels, attracting more investors, and potentially delivering significant returns as we move into the next phase of the crypto market. The path ahead is full of opportunity, and for those watching closely, this could be the perfect moment to position yourself for long-term gains.
Stay tuned and keep an eye on this chart – early December might just be the beginning of something monumental!
Ethereum (ETH/USD): Bullish Momentum Building Ethereum is currently trading within a rising channel pattern, indicating sustained bullish momentum. Here's the breakdown:
1.Support Levels:
Strong support at $3,080 (marked as 4H Support) has held firm, preventing further downside.
The ascending trendline is providing consistent upward pressure.
2.Resistance Zones:
Immediate resistance at $3,143 (30m Resistance).
Key level to watch is $3,224 (4H Resistance), which aligns with the upper boundary of the channel.
3.Volume & RSI:
Volume is gradually increasing, indicating renewed buyer interest.
RSI is rising from oversold levels, supporting a bullish outlook.
4.Target Levels:
A breakout above $3,143 could propel ETH towards $3,224, the next significant resistance.
Bullish Scenario:
If ETH holds above $3,114 and breaks $3,143 decisively, expect a swift move toward $3,224. Beyond this, a continuation within the channel could aim for $3,280.
Risk management is key—watch the $3,080 support zone closely for invalidation of the bullish setup.
Dogecoin - Is a 20.000% rally realistic?Hello Traders and Investors, today I will take a look at Dogecoin .
--------
Explanation of my video analysis:
In 2020 Dogecoin already created a symmetrical triangle breakout which was followed by a +20.000% rally towards the upside. Then we saw the top in 2021 and Dogecoin once again entered into a triangle consolidation phase. We already saw the bullish breakout of this triangle and if we measure the potential price target, the next bullrun could bring us all the way up to $20.
--------
Keep your long term vision,
Philip (BasicTrading)
Hedera - Big Upside PotentialHBAR has been trading within an ascending triangle for some time now and appears to be about to break out soon.
If it breaks and closes above the zone marked in red in the 1D time frame, there is a high probability of an impulsive movement in favor of the bulls. (RSI overbought, pay attention to a possible correction after)
UPDATE: Bitcoin Wycoff Method moved like a Beauty to the topIf you remember from November when I first sent this article, we pinpointed that there was an evuidential Wycoff Method and phases taking place with Bitcoin...
We based this on the starting for the phases in 2020 up until 2024 where it has ALMOST reached our first target for 2024 at $71,350/.
Now just because we have a target, does NOT mean we will go short or make a reversal prediction. No, that's all in the charts and it will tell us when there is a change in trend.
We need to be humble to let the market Go down 20% before we make an possibility for a short.
Hence the 20-80 rule... This means I am still very much BULLISH and do not see any reason not to be just yet.
Anyway, I know there are many new traders on TradingView so I will quickly explain the Wycoff Method again.
The Four Phases of Wyckoff’s Method and how it works
Phase #1: Accumulation (Consolidation)
The Accumulation or Consolidation phase, occurs after a prolonged downtrend or in a range-bound market.
During this phase, large institutions, investors and smart money buys the market at lower prices.
And they are able to keep the market sentiment subdued which continues to move in a sideways manner.
Phase #2: Markup (Advancing)
Once traders see the buying interest and demand, this is where they jump in…
And so the market is poised for a potential uptrend.
The Markup phase begins as the price starts to rise.
This phase reflects the transition from a sideways market to a bullish market sentiment.
During Markup, the market’s price rallies.
This allows the rest of retail traders to get in and ride the upward trend to maximise profits.
Phase #3: Distribution
As the market reaches elevated levels until it hits a peak.
That’s where the institutional players begin to distribute (sell) their holdings.
The Distribution phase is characterized by smart money selling their accumulated positions to eager retail investors.
This is where you’ll see another market phase where you can see a sideways or Twilight Zone range.
If you’re able to recognize a Distribution phase, it could prepare you for a potential reversal to the downside.
Phase #4: Markdown (Declining)
Once Smart Money have sold off their positions, prices then start to decline.
Retail traders and dumb money jump right in and start selling their assets – which causes a market crash.
This reversal then enters into a near market.
You’ll see the price making lower highs and lower lows.
And that’s when the market will enter into free fall mode.
It will continue until it hits a bottom. And that’s where the big guys will get right back in.
And the phases start all over again.
Which right now we've seen STRONG accumulation and Markup in the last few months...
Now you know what to look out for
You now have the idea Wyckoff’s Method in your trading arsenal.
Keep these four phases in your mind
Accumulation
Markup
Distribution
Markdown
You can use it help identify and spot different market trends, environments and phases with more confidence.
This can help you to know when to buy, when to sell and when to remain cautious.
Remember, the charts never lie.
SOLANA Continuation targeting $120+ (16% Rally Incoming??) Make sure you check out my previous Solana Callout before this one as that explains why I am mainly bullish. The trade entry below is a possible reentry targeting my HTF Targets.
We may see a continuation trend on Solana if it can close above 109.52 on the 15m Timeframe.
- 4H/12H FVG Rebalanced
- 15m MMBM
- Continuation of the 4H Buy Model
BINANCE:SOLUSDT
DogeCoin Ready to Rise ? LONGOn the daily chart. DOGEUSD appears to be at the support line of a symmetrical triangle
pattern with about 30% upside to the pivot high in early December. The RSI lines are stable
and flat sideways in the 40-45 range. The zero-lag MACD shows lines near to the horizontal
zero level. The Fib tool suggests that a retrace to 0.09 is a reasonable target level.
Accordingly, an upside of 30% is forecasted for the next bullish spike. I will wait for a cross of
a shorter MA line over a longer MA line as a "golden cross" sign of bullish momentum and take a
position there .
SEI → Going for a Third Leg Up! Reaching Prices Over $1.00?SEI has been marching in a bull run since October of 2023 and has two strong legs up so far. We appear to be gearing up for a third, is this the time to enter a long position?
How do we trade this? 🤔
SEI has been a top mover recently and with such bullish strength, we should only be looking at long positions. It was reasonable to long $0.02 ago at $0.665 for at least a 1:1 Risk/Reward scalp to the top of the bull channel. Stop loss placed below the previous low of $0.565, take profit set at $0.82. It's also reasonable to take half profits at 1:1 Risk/Reward and swing the rest to 1:2 Risk/Reward at a second take profit of $0.975.
💡 Trade Idea 💡
Short Entry: $0.663
🟥 Stop Loss: $0.555
✅ Take Profit: $0.820
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Strong bull channel with small pullbacks.
2. Two legs up with a third beginning.
3. Signs of support on the Daily 30EMA.
4. RSI at 53.00 and above the Moving Average, supports long bias.
5. Bitcoin may have another retest of the $48,000 area which should boost the crypto market.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade be executed without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
FIL/USDT - Poised for an Upside Breakout: Technical &FundamentalHello, TradingView Community!
I'm excited to bring to your attention FIL/USDT, which appears to be gearing up for a significant upward move. After a period of consolidation, the weekly timeframe is showing promising signs of a bullish continuation. But it's not just the technicals that are interesting; Filecoin's fundamentals add a layer of intrigue to this potential breakout.
Technical Analysis:
Bullish Continuation on Weekly Timeframe: FIL has been consolidating, and recent patterns on the weekly chart suggest a potential breakout to the upside. This is a scenario we've been anticipating for a while now.
Key Levels to Watch : Keep an eye on current resistance levels. A decisive break and close above these levels could confirm the bullish trend continuation.
Volume and Momentum Indicators: An increase in trading volume and positive momentum indicators will further validate the upside potential.
Fundamental Analysis:
Filecoin's Role in Web 3.0: Filecoin is at the forefront of the decentralized storage market, a crucial component of the burgeoning Web 3.0 ecosystem. Its technology allows for secure, efficient, and decentralized data storage, which is increasingly relevant in today's data-driven world.
Growing Adoption: With increasing concerns over data privacy and control, decentralized storage solutions like Filecoin are gaining traction. This trend is likely to continue, bolstering Filecoin's utility and value.
Development and Partnerships: Continued development and strategic partnerships are essential for Filecoin's growth. Keep an eye on their updates and announcements. For more details, visit Filecoin's website.
Trading Strategy:
Entry Point: A breakout above the key resistance level with significant volume can be a good entry signal. Always look for additional confirmations.
Exit Strategy: Define your profit targets and stop-loss levels to manage risk effectively.
Risk Management: Given the crypto market's volatility, adjust your trade size and risk exposure accordingly.
Conclusion:
The combination of a bullish technical setup and strong fundamentals makes FIL/USDT a pair to watch closely in the coming months. As always, remain vigilant of broader market trends and adjust your strategy as needed.
Your thoughts and strategies on this are highly appreciated. Let's discuss in the comments below! As always, if you're looking for more insights on precise entries with extremely low drawdown, comment for more information ;)
Happy Trading!
BTC Outlook: ETF Approval vs. Chart Patterns – A Drop Before theBTC is at a critical juncture as we anticipate the ETF approval next month. Despite this potentially bullish event, the charts paint a cautious picture. We haven't established a higher low in the last couple of months yet, signaling uncertainty.
There's a possibility we might not break the $50K barrier soon. Instead, we could see a retracement to the FWB:39K - $32K range. This scenario could offer a valuable opportunity to accumulate more BTC at lower prices.
Keep an eye on key support levels and watch for any shifts in market sentiment as the ETF decision approaches. This period could be crucial for setting the tone for BTC's trajectory in the coming months.
ApeCoin: the 100X Coin Everyone Knows AboutCOINBASE:APEUSD
ApeCoin has caught my attention recently. Mostly because it's flashing bullish signals with a foreseeable 10X -- if not higher -- upside. So let's check off the speculative prediction before I dive into my 1W chart analysis.
With a max token supply of 1 billion tokens and a market cap of only $585M USD at the time of this idea, it's my opinion that ApeCoin could see some serious gains in the anticipated bull market. At only 1B tokens, if ApeCoin secures a market cap of $5 billion USD then its single token price would be a whopping $5.00 -- a 217% gain from the APE's current value ($1.58). While $5 billion is nothing to shrug your shoulders at, that is a relatively small market cap in crypto. I won't even compare this to Bitcoin or Ethereum since they are blockchains and on a whole different tier, but in comparison to other tokens such as Shiba Inu ($4.84B) or Doge ($11.5B), APE has a lot of room to grow.
Typically tokens with this type of potential are new and extremely risky, and while there is always an inherent risk when investing in crypto, ApeCoin already has a solid reputation due to its celebrity-backed NFT collection, Bored Ape Yacht Club (BAYC).
Okay, now for the 1W chart analysis:
As of late October '23, the volume has began to increase with a rising token value that's nearly doubled since its low of $0.98. The On-Balance Volume (OBV) indicator shows a positive slope which suggests an increase in buying pressure with a Money Flow Index (MFI) that is resting in neutral territory.
I've drawn out a projected Cup & Handle pattern with a cup profit target near $6.43 and a handle purchase target around $3.72. Should this pattern continue and become a valid Cup & Handle, I believe a breakout target of $9.17 is both likely and reasonable since the depth of the cup has a price range of $5.45. I did not annotate it on the chart but if the Cup & Handle completes then it will also form an Inverse Head & Shoulders (the head = cup and the right shoulder = handle).
I think it goes without saying that there will be plenty of short-term trading opportunities during this pattern formation and, while I am optimistic on an approaching crypto bull market, there is always the chance of market sentiments turning south. Regardless, APE has most certainly caught my attention as a bright short-term and long-term investment opportunity.
Ethereum -> Buy Low And Sell High!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting the weekly bullish trendline and also forming a continuation symmetrical triangle pattern I am just waiting for a bullish breakout before I then do expect more upside potential.
The daily timeframe on Ethereum is currently bearish though so I am waiting for a breakout of the decending channel formation and a break above previous resistance and then the daily is also ready for a bullish rally.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Ethereum -> Consolidation Before Pump?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
Looking at the weekly symmetrical triangle which is usually a continuation pattern I am now just waiting for a bullish breakout and then we are heading for new highs in 2024.
The daily timeframe on Ethereum though is pretty slow recently and this is certainly not the time for us as traders to enter stupid positions so I am simply waiting for volatility to come back and then I am looking for longs on Ethereum again.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Optimism Seasonality Trade 150-200xIntroduction
It seems like every year some crypto absolutely explode upwards the first 10 days or so of the year and many of them get slapped back to the ground and even end up lower than their starting points while others just seem to continually moon. Those cryptos grab a lot of attention for the whole market and they end up being one of the momentum trades for the first half of the year. As they cool off other momentum trades pick up. For some comparison I am going to compare the current state of Optimism to Matic in 2021 and then compare the bull runs of Matic to Solana.
Similarities Between OP and Matic at the New Year
Price really tight on multi month consolidation triangles.
Accordingly, price tight to 20 period SMA
The volatility stop suggest price is going to break to the upside
Log MACD and Histogram action really tight around zero
Most importantly, both were new coins
All of these suggest that a big move is coming. I have some fib-based targets I am looking at and have already set take profits. When the Log MACD starts to show some bearish divergence, I may be closing my trade manually because my target isn't getting reached. Bearish divergence on the Log MACD on the 3-day interval is pretty powerful
And, less you think I am crazy, here is the Matic fib draw. And I think the current OP formation is stronger than the Matic formation was.
Comparing Matic & Solana Last Bull Run
Two of the major players last bull run were Matic and Solana. Both had very big January moves (like I hope OP to have) but they behaved differently on the way up. Matic was more bullish out of the gates and went 125x very quickly over the course of just 5 months. During that same time Solana only went 40x. Now, most the times the trend is your friend until the end so you would have hoped MATIC would have had even more upside but no. It double topped.
Then the relatively humble Solana went bonkers and had a total move of 200x and was able to set a higher high when MATIC was double topping. My target for OP is roughly a 170-185x from here which puts it closer for the 9 month move and not the 5 month move. If that is the case, then is it is more likely there will be a month-month consolidation like Solana had and then the majority of the move will happen.
Of course, if my OP position is up 125x in a matter of 5-6 months I will be more than happy to find something else to rotate into, even if it doesn't hit my 180x target
Closing thoughts
There are very view going I see poised like I see OP. OP is different because it went sideways while many coins were shedding value. The top runners of 2021 are on my watch list, not my trade list. I think they still have 9-18 months to consolidate from their runs. Of course, the 2021 top runners are not new coins anymore.
SAND LONGS SET UPBullish bias on SANDUSD
- adapting to bullish fundamentals in crypto market due to the recent cpi data release and fed pivot
- bull flag market structure form on the 4hr timeframe.
- Price showing rejections at key support on the very high timeframe
Trade safe and enter upon confirmations like a break and retest of market structure