Trend Analysis
DOGE/USDTKey Level Zone : 0.33040-0.32600
HMT v2.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
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HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
DOT: I bet on it right nowCurrent state: Testing strong support area.
I sold part of my DOTs at 9.4 and repurchase again on 6.4
My current plan:
1) The amount that I re-purchased right now at 6.4 will be sold again at 9.4
2) I have other DOTs to be sold on 12, 15, 18, 21, 27
3) I have other DOTs to be sold much higher (if things go crazy)
3) I also have buy orders at 4.2
4) I also have fiat to buy lower than 4.2
This is just my plan. The idea is to cover all possible scenarios. Being happy on the way up (I sell higher) and happy on the way down (I buy lower)
Please, do your own plan, do not follow my plan. Each one has different amount of money.
BTC SHORT TP:88,000 20-12-2024I am looking to open a short position in BTC, with a target set below 88,000. Entry points are available both now and below 101,000. It is essential to set stop losses above 103,200 to safeguard the investment. This movement is expected to unfold within a timeframe of 4 to 8 days. As the trade progresses, I will provide updates, so to stay informed, I invite you to activate notifications and follow me. #Bitcoin #Trade
BTCUSDT ATH resistance zone can dump itWe are looking for range zone here and also short-term fall like the red arrows on chart.
price is now receiving major resistance zone and any breakout to the upside can lead the price to 120K$ but if the resistance hold soon heavy dump is expected at least to the targets like 90K$ or 80K$.
DISCLAIMER: ((trade based on your own decision))
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GBPCAD - Long active !!Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish price action after price rejected from bullish order block. As well we have hidden divergence for a buy and on H1 we have regular divergence.
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updateI'm sorry, wave counting is a very difficult task and technical analysis is generally associated with mistakes.
The detection of wave 4 was wrong. We were at the end of wave 2. We are forming wave 3. Moving to the yellow box.
We are at the beginning of wave 5. Movement up to 10 dollars is available.
Litecoin, Shitecoin: An OpportunityAs much as I blast Litecoin, I think there's a trading opportunity here. Some other OG cryptocurrencies have gone up 5x recently - XLM and XRP, for instance. I don't mind this, because I actually think those coins are at least a little more viable as currencies than Bitcoin.
I'm keeping this short. Just taking advantage of volatility. A 40%+ pullback with the potential of a 200% move? I'll take it. Here to have fun, not here to question things right now.
Litecoin active addresses are stable around 300k, though having steadily moved up over the last couple of years from 200K. bitinfocharts.com
Bitcoin active addresses have climbed a bit recently up to 750K, after actually declining the last couple years. bitinfocharts.com
As crappy as price behavior has been for LTC over the years, I like its growth pattern to an extent.
It's important to keep in mind that while on a very slow long term uptrend, Litecoin has broken down out of its major long term uptrend (orange) This was why I had assumed more downside was to come.
Given that LTC tends to pump last in the cycle, I'm taking a gamble on this thing flying back into the long term uptrend. There's A LOT of resistance overhead, especially at the broken uptrend, near $150-160 currently. Here's the shorter term structure, with some bullish arrows drawn.
Taking out the recent low near $85 would be a bearish sign and could send price quickly back to $66 support.
Let's see what happens. If the market has already topped, oh well. Risking a neglegable amount here. R/R seems decent to me.
This meant for speculation and entertainment only.
-Victor Cobra
EUR/USD is on track for a price increase
The EUR/USD pair is approaching the 1.0394-1.0382 support zone on the hourly timeframe after a decline. This area is considered a valid and important support due to the intersection of key Fibonacci levels (50% and 61.8%) and previous strong reactions.
The price reaction to this support area indicates the presence of buyers and their desire to return the price to higher levels. If the price can hold this level, a move towards the resistances of 1.0513 and then 1.0618 is not far off in the short term.
On the other hand, a clear break of this support range (1.0394-1.0382) could lead to increased selling pressure and a drop to lower levels. Traders should pay attention to the reaction of the candles in this range as well as volume indicators to make better decisions.
SUI/USDT Eyes 371% Surge to $15The chart shows SUI/USDT in an upward price channel with a target of $15.01 (a 371.57% increase from the current price of $4.87). It indicates strong bullish momentum and potential for further gains, aligning with the trend within the channel.
Let me know if you need additional details.
LTC long termLike the other Alts just some moon. however some shake outs are always in play. Marcetcap will correct. If marketcap is the same at doge now 750 USD for LTC is atleast possible. Dips will be caused by some fud. Bad exchanges some troubles with law things maybe war... there is always something. then the rally up in January. Will be short but if it wont push it will stay there for a week or so. then corrects back to 50 EMA on 4 hour. people scream crypto ded blabla. Some wierd Red moon blue moon stuff will come out. and in march we get the pump. enjoy the ride.
XRP - Showing StrengthWith the recent market collapse across the board on the altcoins showing the most strength is surprisingly XRP.
While most altcoins have dropped significantly and created lower lows with the second dump that occurred, XRP has not.
XRP has also retested that 2021 ATH (purple line) as old resistance flipped into new support and has held it for a second time.
Because of it's resilience during this dump opposed to everything else - it also has created a potential hidden bullish divergence. This is when price creates a higher low while the RSI creates the same low.
Something to keep our eyes on.
Market - 6H Railroad TracksThis dump has been brutal, but the crypto market might be seeing the first major signs of a potential recovery.
If you look to the past dump after the liquidation cascade, we printed 6H railroad tracks before pumping 30-40% across the board and creating a lower high before this drawdown.
Railroad tracks occur when price is either pumping or dumping aggressively and as soon as that particular candle closes the market instantly reverses the other way.
We are now seeing a similar formation on the 6H candle. Of course, there is still more time to go to confirm this but here we have BTC, SOL, ETH, XRP and many other altcoins. All instantly reversed as soon as the 6H candle closed. If history repeats we should see some sort of relief rally.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Following on from the FOMC trade plan where we managed to get the extension level we wanted and the long for a phenomenal capture upside into the order region we wanted. We then activate short, currently running from the above protected and expecting it to hit target over the coming sessions. To be honest, for Gold, that is us done for the week unless there are decent setups on the red box indi's.
For now, support is holding at 2590 so we would expect a move upside in attempt to close above the 2600 level with a potential retracement into 2603-6. It here we want to see a RIP and then a continuation of the move downside unless we break above the extension level 2630.
It's a crazy market but it's giving, so please don't try and milk it now, it's Friday tomorrow and they will want to take back what they've given. Time to play defence!
As always, trade safe.
KOG