According to the previously presented analysis, after exiting the downward channel and pulling back to it, it grew by more than 55% to the specified range. After that, there was a three-wave correction up to the green box range. Currently, two behavioral scenarios can be considered to continue its path. 💎 First scenario: in case of the inability to penetrate and...
Hey Guys, Just wanted to show a chart / Idea for possible bounce areas. I would like to see a break of the trendline to think about going long. Thanks for reading…
Just like USDT Dominance, US Dollar Index (DXY) has a somewhat inverse correlation with Bitcoin's direction. If we look at the DXY historically, whenever the DXY was in a downtrend or sideways movement, Bitcoin was in an uptrend. Also, whenever the DXY was in an uptrend, Bitcoin was in a downtrend. Simply put, if the DXY goes up, that means the U.S. dollar is...
🔍 Technical analysis: Head and shoulders pattern scenario - It is moving in a medium-term ascending channel. - But now, due to the structural correction, it is moving in a short-term downward channel. - Currently, due to the breakdown of the structure and the downward slope, as well as the movement in a short-term downward channel, it can continue with the...
Bitcoin Technical Analysis The price reached our target as we mentioned in the previous idea, was dropped from 64900 to 59900 our last bearish target Current outlook: The price will consolidate between 62400 and 59940 till breaking, Bearish Scenario: As long as the price remains below 62410, the bearish trend is expected to continue, with the first...
As seen on the chart, ETH has been trading alongside two strong bullish supports over the course of the last two years. Personally, I'm waiting for a better entry before considering a near-term long swing entry, trade is on the chart. These supports have historically held strong, so chances are that they will continue to do so. Keeping the TP close to reduce...
EOS is looking sweet after forming 2 double bottom zones and getting rejected by that neckline/resistance zone, which now has pushed the price back to lower zones. We are looking for steady and steep pressure from sellers from now on, which would result in a movement to the zone of liquidity and a break of that zone there as well! Swallow Team
Bitcoin (BTCUSD) is consolidating on the exact symmetrical spot it did relative to the previous Cycles. The blue circle marks that position historically and is that consolidation that always preceded the Bull Cycle's most aggressive part: the Parabolic Rally. The Cycle bottom-to-bottom time range is fairly consistent to 1400 days and has been the bottom-to-top of...
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the seller zone, which coincided with the resistance level and little rise, but soon turned around and started to decline inside the downward channel. Later BTC broke the 66900 level and fell to the support line of the...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it fell to $65900 level, which coincided with resistance area. Soon, price broke this level and fell a little lower, but then BTC rose to the resistance area and then continued to fall. Later BTC fell to $60600...
Bitcoin is reacting off the pivot and could potentially breakout to the overlap resistance. Pivot: 61,974.28 1st Support: 60,745.83 1st Resistance: 63,716.45 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors,...
In time 1D and 8H, it has faced demand after supporting in the golden zone. 💎 According to the momentum and upward guard, if it is issued in the 8H period after meeting with the pullback trigger line to the golden limit, it can continue to grow up to the Fibo range of 0.78 after the support in the first step, and then this growth can continue up to the supply...
Trade Overview: ETHFI is at a critical support level, having tested this support line multiple times. Despite showing relative strength on the 24-hour and 7-day timeframes, the token has not moved up. A clear invalidation is a prominent close below this major support. Trade Setup: Entry: Enter a trade at $2.9. Take Profit: Set profit targets at $3.6 and...
Market Context: BTC is at range lows, presenting a minimal risk and maximal reward opportunity for long trades. The Crypto Greed & Fear Index has dropped significantly, indicating bearish sentiment, which can be a contrarian buy signal. Additionally, the RSI is oversold on higher time frames, adding to the conviction of this trade. Trade Setup: Entry: Enter a...
if you look at my page, I already made my prediction where the dominance will go up, but we deviated from this and now broke the channel. Dominance is also starting to fall, which is a sign of capital outflow to altcoins
- i will try to make it short. - Like always everything is understandable in graph. ---------------------------------------------------------------------------------------------------------- TA : ---------------------------------------------------------------------------------------------------------- - Tether made a triple new ATH around 9% dominance on Crypto...
Dogecoin is dancing on that line of support after breaking both 100 and 200 EMAs in the daily timeframe. We are looking for another attempt at breakdown and this time a successful one that would result in movement in between our target zones! Swallow Team
Ah, Tronix. Yes, it's actually called "Tronix", not "Tron." The coin with the disappearing wallet. No joke, I made a wallet back in early 2019 for TRX and stored the private key. I like to do things the old fashioned way, so I wrote it down and double-checked it by logging in. The second time Iogged in, I got the notification, "this wallet doesn't exist." Since...