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Crypto market

COMP LONGEntry Zone: The market has recently experienced a sharp rise, reaching a key resistance area at approximately 145$ This level coincides with the 61.8% Fibonacci retracement level, making it a potential reversal zone. The price is now pulling back, indicating a possible opportunity for a short entry around this area. Target: Targeting the key high 175 Stop Loss: Place a stop loss below 38$ ish Trade Rationale: After a strong rally breakount of the accumulation range the market has begun to show signs of strength. This 61.8% Fibonacci retracement is a perfect setup for continuation.
Long
by SerenityEquity
$DOGE has gone deepCRYPTOCAP:DOGE is experiencing a major correction and as a fairly large coin with a large following, it has brought a lot of stress with it. For now the correction has gone well, slightly deeper than I initially thought. But when I look at the repeat of 2020/21, it matches just fine. This would mean that we can expect a good run with CRYPTOCAP:DOGE and that there is still a lot of potential here. It is currently well below its trend and we first have to see whether it can catch up more than the other currencies. I have a lot of hope for CRYPTOCAP:DOGE and hope that it won't break my confidence and that we can make good progress. But for now we'll keep an eye on it and we have to get back into the trend. Be kind to the world and each other!
BINANCE:DOGEUSDLong
by RidgerR
$BTC recoveringMARKETSCOM:BITCOIN has recovered nicely. For now I think it is especially important that we really break the upcoming suply zone and retest it at the latest. In that case we are back in the trend and we have completely completed our correction. For now it looks good, but I remain slightly skeptical. Especially with a possible government shutdown. Although I just read the latest news that this will not happen. Hopefully this will bring some more certainty back to the market and that we will have a nice Christmas run in return. For now the supply has to become a demand sin and we are back on the right side. Be kind to the world and each other!
BINANCE:BTCUSDLong
by RidgerR
CASPER LABS update + This post will be updated if neededThe departure of Casper Labs' former CEO and the sharing of Prove AI with Hedera Hashgraph has undoubtedly impacted CSPR's unique advantage. After reading the new CTO's article and watching some interview clips discussing their strategy to get back on track, there might be hope. However, I need to see the new roadmap (if it exists) and some partnerships with solid institutions, organizations, or tech companies before feeling confident about reinvesting in CSPR. Source. From a technical analysis perspective, it would be wise to look for better opportunities with decent returns and more stable projects while waiting for CASPER to recover, if it can catch up in this bull cycle. If CSPR drops below 1 cent, I might take some risk and dollar-cost average (DCA) in with a maximum of 3% of my portfolio, considering that BTC is currently correcting with a decent possibility of retesting the 80K region or lower. The rising BTC dominance makes it harder for altcoins to break free from BTC's influence. Current Investments: XRP (Number 1) XLM, FLR, SGB, VELO, VET, ZIL, THETA, GLMR, DOT, TELCOIN, ZEC, SC, QNT, HBAR, ADA, SOLO Assets to DCA In: DAG, XDC, CELO, DGB, AVAX (SGB, FLR, ZIL, GLMR, TEL) are relatively still low compared to their bottoms, along with many others that I am not currently following. Whoever holds CSPR, kindly note that i have nothing against this project, but i'm glad that i have sold above my entry level and held back from re-entering. I feel sorry for you but hey i'm a human and i might be completely wrong on my assessment with regards CSPR. Wish you a happy holidays folks and Merry Christmas in advance.
by ShadowDNA
Bitcoin Dominance at Major Resistance: Alt Pump Incoming? 🚨 Bitcoin Dominance Update 🚨 Currently sitting at 58.69%, Bitcoin dominance has reached a critical confluence of horizontal and trendline resistance. 📉 Key Observations: - Dominance retraced precisely to the Golden Ratio (0.618 Fibonacci) level. - This area marks a potential reversal zone. 💡 What This Means: A decline in Bitcoin dominance could signal the much-anticipated altcoin season as capital flows out of BTC into altcoins. 🗺️ Key Levels to Watch: - A breakdown from this resistance could lead to massive altcoin pumps. - On the flip side, a breakout above this resistance could invalidate this setup. 📊 Keep your eyes on this setup, and let’s prepare for potential opportunities in the altcoin market. 🚀 🔔 Follow for more trade ideas and market insights! BitcoinDominance Altcoins CryptoTrading AltSeason BTC
CRYPTOCAP:BTC.D
by karmatseringhyolmo
ETH thesis by Titan_KarmaEthereum Investment Thesis Market Overview Ethereum (ETH) is trading at $3,431.65, indicating potential for upward momentum. The recommendation is to OPEN LONG positions, supported by a favorable risk-reward setup and moderate confidence in a bullish trajectory. Key Technical Indicators Stop-loss: Set at $3,200.00, providing downside protection against unexpected price drops. Take-profit: Targeted at $3,600.00, aligning with a strong resistance level and maximizing potential gains. Exit Point: Positioned at $3,500.00, offering a prudent level for partial profit-taking. Confidence Level The confidence level for this strategy is 75%, reflecting cautious optimism. The technical and fundamental indicators support an upward trend, though volatility requires close monitoring. Correlation with BTC Ethereum shows a neutral correlation with Bitcoin (0.02), suggesting its price movement is minimally influenced by BTC. This allows ETH to follow its own market dynamics. Position Analysis Open Long Positions: None currently, presenting an opportunity to take advantage of the recommended strategy. Open Short Positions: None, indicating a lack of bearish sentiment. Risk Management Strategy Entry at the current price of $3,431.65 is ideal to capitalize on potential gains. A well-placed stop-loss at $3,200.00 minimizes risk in case of downside volatility. The take-profit level at $3,600.00 provides an attractive target, while the exit point at $3,500.00 ensures partial profit-taking to secure gains. Recommendation OPEN LONG positions near the current price, aiming for a take-profit level of $3,600.00. The combination of technical support and moderate confidence in the bullish scenario supports this strategy. Traders should remain vigilant for any changes in sentiment or technical indicators that might influence price movements.
Long
by titankarma