Fermented_Crypto

Fermented_Crypto

Analyzing the 200 SMA Strategy on the 15-Minute Chart In the current market scenario, the 200 Simple Moving Average (SMA) on the 15-minute timeframe is playing a pivotal role. It appears that this indicator is steering the market direction for now. Reflecting on last Monday, I successfully implemented a short strategy that hinged on this same SMA behavior, which...

Fermented_Crypto

Today, Bitcoin experienced a notable reversal, sparking optimism for a potential shift out of the current short-term downtrend. Observations suggest that BTC might be forming a cup and handle pattern on the 1-hour timeframe, an indication that could signal upward momentum if the pattern holds. However, it's crucial to note that Bitcoin is currently facing...

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Bitcoin Market Update Last night, Bitcoin tried to break out of the triangle pattern but was rejected at the $60K resistance. It fell back inside the triangle and is still within the pattern. We are now testing the top trend line and the Stochastic RSI is overbought, suggesting a higher chance of another rejection and a drop. Current Observations Both the RSI...

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Cardano (ADA) Market Update Currently, we're observing the 15-minute timeframe for ADA as it tests the 200 SMA. We're anticipating a potential bounce off this level, though much depends on Bitcoin's next moves. Market Context Similar to the recent Bitcoin situation where it tested key resistance levels, ADA's performance is closely tied to Bitcoin's market...

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As many traders and investors begin to step back from the market, it's crucial to dive deeper into some of the less discussed elements that could signal significant opportunities. Today, let's unpack some intriguing aspects of the current Bitcoin landscape on the weekly timeframe, focusing particularly on the Stochastic RSI and a unique indicator I've developed –...

Fermented_Crypto

Good evening, FC community! The market remains a tough battlefield, particularly punishing for those who opted to go short—many are facing stop-outs and liquidations. As highlighted in my previous post, exercising extreme caution is advisable, perhaps even considering a pause in trading activity. In today's analysis, Bitcoin has formed a striking ascending...

Fermented_Crypto

As the crypto world gears up for the festive season, Bitcoin investors often find themselves pondering a curious trend - a historical dip in prices during the month of December. While it's essential to note that past performance is not indicative of future results, examining historical patterns can offer some insights. One plausible explanation for Bitcoin's...

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STOCK NASDAQ:MARA this is a long shot and I hate doing TA this far out. The TA is saying it is currently in a rising wedge, it may bounce around here until hitting the orange resistance box. It may break through it and continue to the upside but, it is more probable that it rejects and corrects down to around $6.10. If that happens it will be the perfect...

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Cartesi is in a cup and handle pattern on the 1 hour TF. i see a move of 7% based on the pattern

Fermented_Crypto

It seems like TON coin is exhibiting indications of a potential reversal. Presently, it is forming a falling wedge pattern, which suggests the possibility of a significant upward movement, potentially reaching the 200 Simple Moving Average (SMA). Once it reaches that level, it would be prudent to reassess the situation and determine whether it could further...

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NEXO is on my radar. 2 possible plays. 1.larger cup and handle for 11% gain which may take a few weeks to play out. Smaller shorter play is playing the channel. 2. It is breaking out of the descending channel i would add leverage to this. I'm not a huge fan of this project so make sure you have a stop loss

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It appears that Quant is showing signs of a potential bullish divergence, signaling a potential upward movement in its price. I have decided to take advantage of this opportunity by entering a leveraged long position at $108.5. Over the last 24 hours, there has been a notable breakout followed by a retracement, which has formed an entry point for the trade. Given...

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Greetings, traders! Let's dive into the STX/USDT pair and examine its current chart patterns. On the one-hour chart, we can observe promising signs of a potential reversal. Presently, STX/USDT is within a falling wedge formation, which often suggests a higher likelihood of breaking to the upside. Adding to this optimistic outlook, the formation of a double bottom...

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Hello, fellow traders! Let's take a closer look at the SHIB chart and examine its current trends. As it stands, SHIB seems to be following a downward channel, and based on the analysis, it is likely to continue until it reaches resistance around 0.0000075. However, the story doesn't end there – we have some positive indications pointing towards a potential...

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I see a cup and handle on NASDAQ:AMD Charts saying in could pump 10% to $124 or possibly all the way to the high at $132. Defiantly would watch it hitting the 200 SMA. This would be a great spot to take profits or exit the trade. Stochastic RSI is also on the way up.

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XRD forming a double bottom. If the market recovers this has a good probability of a rally. MACD is low and about to come up. RSI is Oversold. Falling Wedge Pattern has a high probability of breaking to the upside. Measured move is 41% gain. Even if we get half of this its 20%. Risk to reward ratio is Excellent!!

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Let's dive into the current chart setup of AAVE and analyze its potential breakout from a symmetrical triangle. Currently, AAVE is testing the lower leg of the triangle, and symmetrical triangles typically offer a 50/50 chance of breaking either up or down. However, let's zoom out to the daily time frame for a clearer perspective. Upon examining the daily time...

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Besides being part of the AI narrative, ORAI is showing some buy signals. It has been victim to some downward price action for awhile now and is due for a PUMP. It has fallen out of its descending channel but bounced off previous support. Measured move is showing possible 24% gains, but it could go for more if the market gets hot again. MACD has bullish...